Xenoport's GERD Phase IIb Data Give Investors Heartburn
By Catherine Shaffer
Tuesday, March 22, 2011
Xenoport Inc.'s stock took a 6.2 percent hit Monday as it reported that its gastroesophageal reflux (GERD) candidate, arbaclofen placarbil, failed to show significant benefits over placebo in a Phase IIb trial. The Santa Clara, Calif.-based company will not pursue the drug any further in GERD, but plans to initiate a Phase III trial in spasticity.
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