Biotech SF
San Francisco Bay Area biotech stories.
Tuesday, August 21, 2012
Gilead drops artery disease drug cicletanine after trial failure
Gilead Sciences Inc.'s
heart and lung disease drug cicletanine failed a mid-stage trial,
Dow Jones reported Tuesday
, and the company is discontinuing development of the drug.
Foster City-based Gilead (NASDAQ: GILD) picked up cicletanine, aimed at pulmonary arterial hypertension patients,
for an initial $10.9 million in May 2008
from Navitas Assets LLC.
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