Track the companies that matter to you. It's FREE! Click one of these fan favorites to get started: Apple; Google; Ford.



UCB and Amgen Abandon Trials for Fracture-Healing Drug

Watch stocks you care about

The single, easiest way to keep track of all the stocks that matter...

Your own personalized stock watchlist!

It's a 100% FREE Motley Fool service...

Click Here Now

UCB and Amgen (NASDAQ: AMGN  ) announced today that they have halted trials for CDP7851/AMG785, or romosozumab, a fracture-healing drug. The news follows completion of the drug's phase 2 trials, but before phase 3 trials had commenced.

In a UCB statement, the company alludes to its most recent results and "general regulatory guidance" as the primary reasons for not pursuing additional testing. The company also states that safety concerns were not an issue and that its phase 2 trials won't affect continued testing on a similar drug to treat osteoporosis in post-menopausal women.

"Our sclerostin antibody project with Amgen is one of the most innovative pipeline programs in UCB's portfolio," UCB Chief Medical Officer Iris Loew-Friedrich said in a statement today. "We are very excited about the phase 3 program in PMO [post-menopausal osteoporosis] which is ongoing as planned and should provide first results at the end of 2015. Safety and other data collected so far indicate the potential for a change of treatment paradigms in postmenopausal osteoporosis."

UCB notes that the fracture-healing drug's phase 2 results will be presented at a future conference  and that the decision to not pursue phase 3 trials has no impact on the company's 2012 financials. Shares of Amgen fell 1.6% today .

Read/Post Comments (0) | Recommend This Article (1)

Comments from our Foolish Readers

Help us keep this a respectfully Foolish area! This is a place for our readers to discuss, debate, and learn more about the Foolish investing topic you read about above. Help us keep it clean and safe. If you believe a comment is abusive or otherwise violates our Fool's Rules, please report it via the Report this Comment Report this Comment icon found on every comment.

Be the first one to comment on this article.

Compare Brokers

Fool Disclosure

Sponsored Links

Leaked: Apple's Next Smart Device
(Warning, it may shock you)
The secret is out... experts are predicting 458 million of these types of devices will be sold per year. 1 hyper-growth company stands to rake in maximum profit - and it's NOT Apple. Show me Apple's new smart gizmo!

DocumentId: 2248973, ~/Articles/ArticleHandler.aspx, 9/29/2016 3:18:16 AM

Report This Comment

Use this area to report a comment that you believe is in violation of the community guidelines. Our team will review the entry and take any appropriate action.

Sending report...

Today's Market

updated 5 hours ago Sponsored by:
DOW 18,339.24 110.94 0.61%
S&P 500 2,171.37 11.44 0.53%
NASD 5,318.55 12.84 0.24%

Create My Watchlist

Go to My Watchlist

You don't seem to be following any stocks yet!

Better investing starts with a watchlist. Now you can create a personalized watchlist and get immediate access to the personalized information you need to make successful investing decisions.

Data delayed up to 5 minutes

Related Tickers

9/28/2016 4:00 PM
AMGN $169.71 Down -1.92 -1.12%
Amgen CAPS Rating: ****