News | News By Subject | News by Disease News By Date | Search News
Get Our FREE
Industry eNewsletter
email:    
   

Tolerx, Inc. Cuts Staff, Auctioning Assets After Phase 3 Failure



10/7/2011 9:31:26 AM

FierceBiotech -- Tolerx is winding down operations after more than a decade spent developing drugs for immune-related diseases, three sources familiar with the biotech's plans told FierceBiotech. The Cambridge, MA-based company began retrenching shortly after Tolerx and its partner GlaxoSmithKline revealed in March the biotech's lead drug, an anti-CD3 antibody called otelixizumab, flunked a Phase III trial in patients recently diagnosed with Type 1 diabetes.

Read at FierceBiotech


comments powered by Disqus
   

ADD TO DEL.ICIO.US    ADD TO DIGG    ADD TO FURL    ADD TO STUMBLEUPON    ADD TO TECHNORATI FAVORITES