In this video, healthcare bureau chief Brenton Flynn talks with analyst Max Macaluso about two biotech stocks, Zalicus and Geron, that dropped significantly on Monday after poor clinical trial results were released.
Zalicus, a biotech that develops drugs for the treatment of pain and inflammatory diseases, announced that it will halt the development of its rheumatoid arthritis drug, Synavive. Geron, a company focused on discovering new treatments for cancer, canceled its phase 2 imetelstat clinical trial for the treatment of breast cancer. Geron also indicated that it will not bring imetelstat to phase 3 trials for the treatment of non-small-cell lung cancer.
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