Anthera's shares decimated after cystic fibrosis trial failure

13 March 2018

Shares of Anthera Pharmaceuticals (Nasdaq: ANTH) plunged 80.1% to $0.5 on Monday after the company announced that it will halt development of its lead drug candidate following disappointing clinical trial results.

Anthera said that Sollpura (liprotamase) did not meet the non-inferiority margin of the CFA primary endpoint in the RESULT Phase III clinical study of exocrine pancreatic insufficiency (EPI) due to cystic fibrosis. The company acquired rights to Sollpura from Eli Lilly (NYSE: LLY) in 2014.

“We are greatly disappointed by the findings of the RESULT study,” commented Craig Thompson, president and chief executive.

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