SciClone drops oral mucositis candidate SCV-07
USA-based SciClone Pharmaceuticals (Nasdaq: SCLN) said on Friday that results from a pre-planned interim analysis of the Phase IIb trial of SCV-07 in patients with oral mucositis (OM) indicate that the trial would not meet the pre-specified efficacy endpoints.
As a result, and following consultation with the study's independent Data Monitoring Committee (DMC), SciClone has decided to discontinue development of SCV-07 in this indication. The company’s shares fell 3.7% to $4.35 before markets opened.
"Oral mucositis remains a debilitating condition for cancer patients who are in need of effective therapeutic options. We express our sincere appreciation to the investigators and patients who have participated in the phase 2b trial," said Friedhelm Blobel, president and chief executive of SciClone.
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