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Double Shot Of Bad News Halves Metabasis' Shares

By Trista Morrison

Wednesday, July 18, 2007
Metabasis Therapeutics Inc. lost more than half its value on Tuesday after announcing that CS-917, the lead candidate in its metabolic disease program, failed a Phase IIb diabetes trial, while pradefovir, the lead candidate in its liver disease program, was dropped by partner Schering-Plough Corp. (BioWorld Today)

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