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Biotech / Medical : Celltech Group (NYSE: CLL)

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To: Tom Nealon who started this subject9/21/2004 4:52:16 AM
From: nigel bates  Read Replies (1) of 123
 
UCB says positive results from phase 3 trial of Celltech's CDP-870

BRUSSELS (AFX) - Belgian chemicals and pharmaceutical group UCB SA (Brussels: UCBBt.BR - news) said preliminary phase 3 clinical trials of CDP-870, a molecule acquired via its takeover of Celltech (LSE: CCH.L - news - msgs) this summer, showed positive results for the treatment of rheumatoid arthritis.
The phase 3 trial, the last stage before drugs are submitted for regulatory approval, tested CDP-870 as a monotherapy on patients over a six month period.
Roch Doliveux, chief executive officer of UCB Pharma, commented: 'CDP-870 has now clearly demonstrated its safety and efficacy, since we obtained positive results in both monotherapy and combination therapy Phase 3 clinical trials in rheumatoid arthritis.'
The drug is also in phase 3 trials as a treatment for crohn's disease, for which UCB also hopes to gain regulatory approval.
CDP-870 is the most advanced molecule in the former Celltech pharmaceutical pipeline acquired by UCB this summer for 2.25 bln eur.
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