GTx battling on despite trial disaster
US pharma GTx (Nasdaq: GTXI) is opening trading on Monday with a market value that is worth less than a tenth of that of a week ago after some disastrous trial results.
The Phase II trial of orally-administered enobosarm (3mg or 1mg) in post-menopausal women with stress urinary incontinence (SUI), failed to meet the primary endpoint of the proportion of patients with a greater than 50% reduction in incontinence episodes per day compared to placebo.
Robert Wills, GTx’s executive chairman, said that there would be a full review of data that he called “very disappointing” and promised that GTx had other irons in the fire.
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