Infinity Shifts Focus in Wake Of Phase II Hedgehog Failure
By Trista Morrison
Monday, January 30, 2012
Shares of Infinity Pharmaceuticals Inc. dropped 40 percent Friday on news that the biotech is stopping development of Hedgehog inhibitor saridegib (IPI-926) in pancreatic cancer after interim data from a Phase II trial showed better survival in the placebo arm.
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