Alzheimer's disease beat back another effort to tame it this week.
Yesterday, Biogen and its Japanese pharma partner Eisai announced their decision to halt two Phase 3 clinical trials on a drug called aducanumab, which aimed to slow cognitive decline by targeting toxic proteins called amyloids.
The failure of the drug marked a loss for proponents of the beta-amyloid hypothesis — once the most well-accepted theory as to how Alzheimer’s disease destroys the brain. It also marked a loss for Biogen, which bet heavily on the drug in its growth projections — and lost nearly $16 billion in market value when this week’s news broke.
The failure of the drug marked a loss for proponents of the beta-amyloid hypothesis — once the most well-accepted theory as to how Alzheimer’s disease destroys the brain. It also marked a loss for Biogen, which bet heavily on the drug in its growth projections — and lost nearly $16 billion in market value when this week’s news broke.
You can read the full analysis here, and check out our extensive coverage of the fallout:
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