The Medicines Company's share price hit by dyslipidemia study setback

31 August 2016

The Medicines Company (Nasdaq: MDCO) saw its share price drop by nearly 4% to $38.65 on Wednesday morning after announcing a setback on its clinical dyslipidemia research.

Its programs were investigating MDCO-216 (containing APoA-1 Milano) and PCSK9si (PCSK9 synthesis inhibitor), and the USA-based biotech’s hopes to end its research early have been scuppered by inconclusive results.

The USA-based company announced that a planned, interim analysis of the first 40 randomized patients completing treatment in the MILANO-PILOT study of MDCO-216 has been reviewed by the study’s independent data monitoring committee.

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