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Biotech / Medical : Biotech & Pharma.T.A, -- Ignore unavailable to you. Want to Upgrade?


To: Jibacoa who wrote (3024)7/13/2010 1:42:10 PM
From: mlkr  Read Replies (2) | Respond to of 3722
 
TBRN
Pfizer to develop 1 of 2 Trubion arthritis drugs

SAN FRANCISCO (MarketWatch) -- Trubion Pharmaceuticals Inc. /quotes/comstock/15*!trbn/quotes/nls/trbn (TRBN 2.57, -0.16, -5.86%) said late Monday that Pfizer Inc. /quotes/comstock/13*!pfe/quotes/nls/pfe (PFE 14.84, -0.09, -0.60%) will continue developing one of its rheumatoid arthritis drug candidates but will halt development of another. Shares of Trubion were halted prior to the announcement, and had last traded down 1.5% to $3.66. Following mid-stage clinical trials, Pfizer chose to keep developing Trubion's SBI-087 drug and not develop its TRU-015, Trubion said.