GTx, Inc. (GTXI) Plummets to a New Low After Drug Fails Late-Stage Trials
8/19/2013 7:47:14 AM
Get the latest biotech news where you want it. Sign up for the free GenePool newsletter today!
GTx Inc's experimental drug to treat muscle wasting in cancer patients became its second successive lead drug to fail late-stage trials, wiping out nearly two-thirds of the market value of the once-promising cancer-focused pharmaceutical company.
GTx said on Monday that the drug, enobosarm, failed to meet the twin goals of improving body mass and physical function in cancer patients — the latter measured by improvement in their ability to climb stairs.
Help employers find you! Check out all the jobs and post your resume.