Wednesday, July 30, 2008

Wyeth, Elan Tumble On Chilly Response to Alzheimer’s Drug Data

Shares of Wyeth are off more than 10% this morning and Elan is down more than 30% as the market frets over the future of an Alzheimer’s drug the companies are developing.
Yesterday, the companies released the full results of a mid-stage trial that failed to show an overall benefit in cognitive function for Alzheimer’s patients [...]

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