Perfect storm of bad news blows hole in Regulus share price
Californian microRNA specialist Regulus (Nasdaq: RGLS) is dropping its lead candidate RG-101, a potential HCV therapy, and a preclinical drug it has been investigating in liver disease.
In addition, AstraZeneca (LSE: AZN) is returning its purchase of RG-125, a nonalcoholic steatohepatitis (NASH) candidate the Anglo-Swedish drugmaker licensed from Regulus in a 2012 deal.
The company’s share price, which has lost a fifth of its value, continues to tick downwards as traders digest the significance of the news.
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