Gossamer shares plummet after latest DP2 drug setback
Californian company Gossamer Bio (Nasdaq: GOSS) lost more than a third of its market value in Tuesday morning’s trading.
The drugmaker had just announced top-line results from its Phase IIb LEDA trial in patients with moderate-to-severe eosinophilic asthma and its Phase II TITAN trial in patients with chronic rhinosinusitis, neither of which met their primary endpoint.
These trials are testing GB001, a potent and highly selective oral antagonist of the DP2 pathway, a potentially important modulator of the inflammatory cascade in asthma.
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