East Bay company's stock plummets 81% as drug for cystic fibrosis patients fails

Anthera Pharmaceuticals Inc., which hung its hopes on a two-time loser treatment for cystic fibrosis patients, said the drug failed in a late-stage trial. The stock of the Hayward-based company (NASDAQ: ANTH) fell 81 percent Monday, from $2.64 per share to 50 cents at its close. It had dipped as low as 40 cents. Early data from the 140-patient Phase III study of the drug, called Sollpura, showed that the majority of patients with exocrine pancreati c insufficiency who received the drug saw their…
Source: bizjournals.com Health Care:Pharmaceuticals headlines - Category: Pharmaceuticals Authors: Source Type: news