Poor Phase III trial outcome knocks third off Aeterna Zentaris share price

5 January 2017

Aeterna Zentaris (TSE: AEZ) has suffered a dramatic fall in share price due to disappointing results in a recent Phase III clinical trial.

The Canadian biopharmaceutical group announced top-line results from a confirmatory trial of Macrilen (macimorelin), a synthetic small molecule and ghrelin agonist.

The data showed macimorelin did not achieve equivalence to the insulin tolerance test (ITT) in the diagnosis of growth hormone deficiency in adults (AGHD).

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