FDA asks CytRx to halt Ph II arimoclomol study
The US Food and Drug Administration has asked CytRx to halt a Phase IIb trial of arimoclomol, its drug candidate for Lou Gehrig's disease, so that it can further anaylze previously-completed animal studies of the orally-administered, small-molecule compound. On the day of the news, January 22, shares in the US drugmaker plummetted 38%, to $1.30, in pre-market trading.
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