Myrexis to drop development of Azixa; 4th-qtr loss widens; names new CEO
US biotech firm Myrexis (Nasdaq: MYRX), previously known as Myriad Pharmaceuticals, saw its shares fall 4.6% to $2.70 in after-hours trading last Friday after the company reported that it was dropping further development of its lead product candidate Azixa (MPC-6827), as a vascular disrupting agent, and that its loss for the fiscal fourth-quarter ended June 30 had increased to $8 million for $7.8 million a year earlier. The loss per share was unchanged at $0.31, which was better that the $0.35 predicted by two analysts polled by Thomson Reuters.
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