Oral MS drug Cladribine rejected by European drug agency
Posted: Fri Sep 24, 2010 1:32 am
European regulators rejected Merck KGaA’s multiple sclerosis pill cladribine, the second setback this week for the German drugmaker seeking to compete with Novartis AG for a share of a new market.
The European Medicines Agency found the medicine’s benefits don’t outweigh the risks, Darmstadt, Germany-based Merck said in a statement today. Merck is weighing an appeal and still believes cladribine has the potential to generate $1 billion in revenue a year, said Elmar Schnee, head of the company’s drug unit, in a telephone interview. The stock dropped the most in seven months.... Read More - http://www.msrc.co.uk/index.cfm/fuseact ... ageid/1629