By Carlo Martuscelli 
 

AstraZeneca PLC (AZN.LN) said Monday that a clinical trial of its Farxiga drug met one of the targets being measured, but missed the other.

The company said Farxiga was able to significantly reduce hospitalizations for heart failure or cardiovascular death in patients with type-2 diabetes, but it missed its second target of a reduction in major adverse cardiovascular events. The drug achieved a 17% reduction in hospitalization compared with placebo in the Declare-Timi 58 trial, it said.

AstraZeneca added that fewer major adverse cardiovascular events were observed in the trial, but this was not at a statistically significant level.

 

Write to Carlo Martuscelli at carlo.martuscelli@dowjones.com

 

(END) Dow Jones Newswires

November 12, 2018 02:32 ET (07:32 GMT)

Copyright (c) 2018 Dow Jones & Company, Inc.
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