Isis Drug for Crohn’s Fails in Late-Stage Trials
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From Bloomberg News
Isis Pharmaceuticals Inc. said its experimental drug alicaforsen failed as a treatment for Crohn’s disease in two late-stage trials.
The Carlsbad, Calif.-based biotechnology company said it would focus on getting alicaforsen approved as an enema for patients with ulcerative colitis, a use shown to be effective in phase-two studies.
Isis shares rose $1.09 to $6.01 on Nasdaq.
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