Medimmune halts Vitaxin trials
MedImmune says it has decided to discontinue Phase II trials of Vitaxinin patients with rheumatoid arthritis and psoriasis. The decision was based on preliminary findings which indicated a lack of clinical benefit with the drug; there were no safety concerns raised in the initial analyses, noted the US firm.
Vitaxin is a monoclonal antibody which targets the alpha-v-beta-3-integrin. Shares in MedImmune fell nearly 3% to $23.83 in late-morning trading on August 30, the day of the announcement.
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