Friday, August 29, 2008

Novartis - Aurograb: clinical trials, ain't they a bitch

Novartis has stopped development of its Aurograb treatment for bacterial infections after it showed a lack of efficacy in mid-stage trials, and said it would take a $235 million impairment charge.

Novartis acquired Aurograb, which was being assessed for treating methicillin-resistant staphylococcus aureus (MRSA), in 2006 when it bought NeuTec Pharma, a specialist in fighting hospital superbugs, for nearly $570 million.


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