Amylin up 8% as Byetta cleared of CV health risk
Shares in US drugmaker Amylin Pharmaceuticals jumped 8% to $13.47 following new data showing that Byetta (exenatide) does not cause cardiovascular side effects.
The twice-daily injection for type 2 diabetes is partnered with US drug major Eli Lilly. On the day the results were announced, March 26, shares in the firm rose 2.1% to $34.22. The findings will also be used to support the marketing application for a once-weekly version of Byetta.
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