Vectura seeks silver lining in Phase III failure
Shares in Chippenham, UK-based drugmaker Vectura (LSE: VEC) fell over 10% on Monday, after the firm said it would drop development of asthma candidate VR475, based on poor clinical results.
Data showed a Phase III study of VR475 in adult and adolescent patients with severe uncontrolled asthma did not meet its primary endpoint.
VR475 is a drug device combination consisting of budesonide delivered by Vectura's proprietary nebulizer inhalation system.
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