Tags: Biogen | Drug | als | lou-gehrig

Biogen: Lou Gehrig's Disease Drug Fails in Trial

Thursday, 03 Jan 2013 08:41 AM

 

Share:
  Comment  |
   Contact Us  |
  Print  
|  A   A  
  Copy Shortlink
Biogen Idec is halting the development of an experimental treatment for Lou Gehrig's disease after a late-stage study.

Company shares slid more than 6 percent before the market opened Thursday after it announced early results from an international study of 943 patients. Biogen said the experimental drug, dexpramipexole, showed no effectiveness in an analysis of patient function and survival.

Lou Gehrig's disease, or amyotrophic lateral sclerosis, affects nerve cells in the brain and spinal cord that control voluntary muscle movement. There is no known cure.

"As a physician who has treated people with ALS, I hoped with all my heart for a different outcome," said Dr. Douglas Kerr, the company's director of neurodegeneration clinical research.

"While these results were not what we expected, we hope these data will provide a foundation for future ALS research."

Biogen said it will present detailed results from the research at a future medical conference.

Shares of Biogen Idec Inc., based in Weston, Mass., fell $9.12 to $140.88 in premarket trading.

© Copyright 2014 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Share:
  Comment  |
   Contact Us  |
  Print  
  Copy Shortlink
Around the Web

Join the Newsmax Community
Please review Community Guidelines before posting a comment.
>> Register to share your comments with the community.
>> Login if you are already a member.
blog comments powered by Disqus
 
Email:
Retype Email:
Country
Zip Code:
 
You May Also Like
Around the Web

Most Commented

Newsmax, Moneynews, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, NewsmaxWorld, NewsmaxHealth, are trademarks of Newsmax Media, Inc.

MONEYNEWS.COM
© Newsmax Media, Inc.
All Rights Reserved