Hopes that Teva Pharmaceutical Industries (NYSE: TEVA) might be able to steal a march over its rivals in the asthma space were all but dashed on Monday.
The Israeli drugmaker, which announced a major restructuring and job cuts after a challenging 2017, reported that a Phase III trial evaluating subcutaneously administered Cinqair (reslizumab) in a pre-filled syringe did not meet its primary endpoint of significantly reducing clinical asthma exacerbations (CAEs) in patients with uncontrolled asthma and elevated blood eosinophils.
A support study, also evaluating the subcutaneous version of the drug, in patients with oral corticosteroid (OCS)-dependent asthma, failed to meet its primary endpoint of reduction in daily OCS dose.
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