BeiLu Pharma Gives Up on Melatonin-based Depression Drug

Published: Jul 19, 2011

July 18, 2011 -- Beijing BeiLu Pharmaceutical decided to end its agomelatine development project. The company said the SFDA refused to authorize a clinical trial of agomelatine, an antidepressant drug, saying the IND filing did not prove the drug was effective. BeiLu explained that a new application for a clinical trial would take three years, which it feels would cause the company to miss the most opportune launch window for the product. More details....

Stock Symbol: (SHE: 300016)

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