TITLE

Ticker Watch

AUTHOR(S)
Taylor, Marisa
PUB. DATE
April 2007
SOURCE
Red Herring;4/30/2007, Vol. 4 Issue 16, p33
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article presents information on the experimental drug AGI-1067, being tested by Alpharetta, Georgia-based biotechnology company Atherogenics, to treat heart disease. The drug aimed to curb inflammatory response, and pharmaceutical giant AstraZeneca went into partnership to push it along. Scientists and analysts were intrigued, and they waited in anticipation for results from clinical trials. AGI-1067 could be the future of cardiovascular medicine, after all. But then late-phase trials of AGI-1067 failed to reduce incidence of heart attack, cardiovascular death, stroke, unstable angina, and other ailments. And analysts tore into the results, putting Atherogenic's stock in a freefall.
ACCESSION #
25082356

 

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