AstraZeneca halts development of RA drug candidate fostamatinib

06/5/2013 | Reuters

AstraZeneca said it is stopping development of fostamatinib, a rheumatoid-arthritis-drug candidate licensed from Rigel Pharmaceuticals, after obtaining disappointing results from late-stage trials. AstraZeneca plans to return fostamatinib's rights to Rigel. Late-stage data failed to measure up to the promising results seen earlier in development, said Briggs Morrison, AstraZeneca's global head of medicines development.

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