Biotech, Drug Development, clinicals
Phase III Trial Yields More Bad News for Genzyme
Rebecca Zacks 7/6/07
For the second time this week, Genzyme is announcing disappointing clinical-trial results. In a Phase 3 study, tolevamer liquid—a polymer-based treatment for Clostridium difficile associated diarrhea—failed to perform against the standard antibiotic treatment. Bloomberg has a nice summary of the trial and how it fits into Genzyme’s recent efforts to diversity its pipeline. Genzyme shares fell to 60.85 by the end of trading today, from a high of 64.87.
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