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Biotech / Medical : biotech firesales

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From: nigel bates	11/8/2004 2:48:30 PM
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Actelion down 20-odd% in Europe today on this - Switzerland-based biopharmaceutical firm Actelion Ltd (Zurich: ATLN.S - news) has stopped a study evaluating the efficacy and safety of tezosentan in acute heart failure due to poor hemodynamic efficacy results. Switzerland-based biopharmaceutical firm Actelion Ltd has stopped a study evaluating the efficacy and safety of tezosentan in acute heart failure due to poor hemodynamic efficacy results. This decision, to discontinue the study, is consistent with recommendations made by the steering committee and the independent Data Safety Monitoring Board (DSMB). The VERITAS study evaluated mortality/morbidity and dyspnea benefits as co-primary clinical endpoints in acute heart failure (AHF) patients receiving standard therapy of care and either tezosentan or placebo. The DSMB reported that there were no safety issues in the study but, although hemodynamic effects were observed in the treatment arm and were consistent with previous studies, there was too remote a chance for the efficacy endpoints to become statistically significant within this study. Actelion will now reallocate resources to strengthen brands and R&D, reinforcing its focus on Tracleer and Zavesca and working to further accelerate development of its broad clinical and pre-clinical pipeline...

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