Novartis Discontinues Asthma Drug Development

Date : 12/16/2019 @ 6:54AM
Source : Dow Jones News
Stock : Novartis AG (NVS)
Quote : 83.96  -2.06 (-2.39%) @ 1:00AM
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Novartis Discontinues Asthma Drug Development

Novartis (NYSE:NVS)
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By Carlo Martuscelli

 

Novartis AG (NOVN.EB) said Monday that it will cease development of its investigational asthma drug fevipiprant following disappointing clinical data.

A pooled analysis of the Phase 3 Luster-1 and Luster-2 studies showed that the therapy didn't meet the clinical threshold in the reduction of moderate-to-severe asthma exacerbations when compared with placebo, the company said. The drug was, however, found safe, the Swiss drug maker said.

An analysis of safety and efficacy data from the two studies will be conducted, and details will be published at an upcoming medical conference, Novartis said.

 

Write to Carlo Martuscelli at carlo.martuscelli@wsj.com; @carlomartu

 

(END) Dow Jones Newswires

December 16, 2019 01:39 ET (06:39 GMT)

Copyright (c) 2019 Dow Jones & Company, Inc.

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