Atara halts development of PINTA 745
Atara Biotherapeutics (Nasdaq: ATRA) has announced it will stop developing its kidney drug PINTA 745 after it failed to meet its primary endpoint.
Shares in the company plunged 36.75% to $21.00 following the announcement yesterday, and dipped a further to $20.27 in pre-market trading this morning.
The drug aimed to treat patients with end stage renal disease by blocking the protein, mysostatin and improving kidney function but it did not achieve the main goal of the study which was defined as the percent change from baseline in Lean Body Mass (LBM) as measured by Dual Energy X-Ray Absorptiometry (DXA) at week 12 following weekly treatment with PINTA 745.
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