Investors walk away from Bellerophon after pivotal trial miss

8 August 2018

Droves of investors shed Bellerophon Therapeutics (Nasdaq: BLPH) stock on Tuesday, after monitors suggested stopping the Phase III INOvation-1 study early due to a lack of results.

The New Jersey, USA-based firm has been running the trial to evaluate INOpulse for the treatment of pulmonary arterial hypertension (PAH).

After an interim analysis showed an insufficient improvement in pulmonary vascular resistance, the committee recommended the trial be halted due to futility. Shares in the firm fell around 70% in pre-market trading.

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