More poor Phase III data in Alzheimer's, but Roche and AC Immune vow to persevere
Basel, Switzerland-based pharma giant Roche (ROG: SIX) has announced it will shutter the CREAD I and CREAD 2 Phase III trials of the Alzheimer’s disease (AD) candidate crenezumab, based on an interim analysis which showed poor efficacy data.
Roche has been working on developing the drug with fellow Swiss firm AC Immune, which discovered the compound, under an agreement dating back to 2006.
After decades of disappointing data, many large pharma firms, such as New York’s Pfizer (NYSE: PFE), have curtailed research into Alzheimer’s. Roche, however, said it would continue its efforts in this area.
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