Monday, January 13, 2014
GSK hands back failed muscular dystrophy drug to Prosensa
LONDON Mon Jan 13, 2014 8:32am EST
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The signage for the GlaxoSmithKline building is pictured in Hounslow, west London June 18, 2013.
Credit: Reuters/Luke MacGregor
LONDON (Reuters) - GlaxoSmithKline has handed back rights to an experimental drug for Duchenne muscular dystrophy to Dutch biotech firm Prosensa after it failed last year in a critical clinical trial.
Britain's biggest drugmaker said on Monday that Prosensa would now have full and unencumbered rights to drisapersen. The move marks the termination of a 2009 collaboration agreement between the two firms.
Hopes for the drug slumped last September when it did not show a statistically significant improvement in the distance that patients could walk in six minutes compared with a placebo in a final-stage Phase III test run by GSK.
(Reporting by Ben Hirschler; Editing by Greg Mahlich)
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Source : http://feeds.reuters.com/~r/reuters/healthNews/~3/b9aEHVQS26k/story01.htm