GlaxoSmithKline's darapladib flops in Ph III CHD trial

12 November 2013

UK pharma giant GlaxoSmithKline (LSE:GSK) saw its shares dip 1.3% to £16.29 in mid-morning trading, after the company released much anticipated top-line results on its investigational heart disease drug darapladib that disappointed, failing to meet its endpoint.

Darapladib had been the “great white hope” in the GSK pipeline, a product that could have reached $10 billion in revenues if successful, commented analysts at broker Panmure Gordon, which has now downgraded the stock to Hold from Buy.

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