Almirall gets 10.5M euros from Forest for aclidinium bromide trials
Spanish drugmaker Almirall has received 10.5 million euros ($15.2 million) from its industrial partner, the USA's Forest Laboratories, to complete Phase III trials of its drug aclidinium bromide for the treatment of chronic obstructive pulmonary disorder. Some 4.8 million euros was invested earlier this summer following the discovery of a new potential indication for the agent. Last month, shares in Almirall plunged 42% on disappointing Phase III data for the drug (Marketletter September 15).
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