Fourth time unlucky for serial hopeful masitinib

23 April 2018

France’s AB Science (Euronext: AB) has received another blow to its hopes for amyotrophic lateral sclerosis (ALS) candidate masitinib, with a negative opinion from the EU regulator’s medical panel.

In Paris, investors dropped the company’s stock in droves Friday, pushing the price down by around a third.

AB believes the novel tyrosine kinase inhibitor, which targets mast cells and macrophages, can be used against a variety of diseases due to a dampening effect on inflammatory processes.

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