LONDON - Alizyme plc axed its Phase III irritable bowel syndrome treatment Renzapride following a 1,800 patient study that showed statistical significance on the primary endpoint but was confounded by a high level of placebo response. (BioWorld International)

MTM Laboratories AG added another E9.6 million (US$15.3 million) to its Series C financing round, taking the total to E31.6 million and giving the company additional funds for further clinical development of its biomarker-based diagnostic assays for cervical cancer and for building out its sales and marketing infrastructure. (BioWorld International)