Another setback in United's development of treprostinil
More clinical setbacks for the systemic vasodilator treprostinil have forced United Therapeutics (Nasdaq: UTHR) to stop a late-stage trial, sending shares down 5% on Tuesday.
The East Coast, USA-based company said it would stop the study, which has been testing the inhalable formulation of the drug, dubbed Tyvaso, for pulmonary hypertension associated with chronic obstructive pulmonary disease.
In a filing with the US Securities and Exchange Commission (SEC), the firm said it made the decision based on a recommendation of the study's independent data monitors.
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