Expectations were not high for the latest trial of FibroGen, Inc.’s pamrevlumab in Duchenne muscular dystrophy (DMD); nevertheless, the connective tissue growth factor-targeted product has still contrived to disappoint. The failure was so emphatic it has cut the company’s value by a quarter, leaving the share price at just 96¢ on NASDAQ on 30 August.
FibroGen began the Phase III LELANTOS-2 trial with the aim of showing that pamrevlumab could treat ambulatory patients – 73...





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