Janssen to terminate Phase III development of fulranumab

1 April 2016

Johnson & Johnson (NYSE: JNJ) subsidiary Janssen Pharmaceuticals is to discontinue its Phase III development program for fulranumab in osteoarthritis pain, it has been announced.

It will bring to an end a licensing agreement with Amgen (Nasdaq: AMGN) for fulranumab and Janssen will return all program rights back to Amgen, a company statement said.

A spokesperson for Janssen confirmed the decision was not based on any safety concerns, but rather on strategic prioritization.

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