For years, Edge Therapeutics has been building towards a crucial test of a drug meant to combat the potentially delayed effects of aneurysms and severe head injuries. The plan fell apart this morning: the company will shutter the study and cut its workforce because its experimental treatment, EG-1962, is likely to fail.
An independent committee has performed an interim analysis of the first 210 patients in a study called NEWTON 2. The trial was set up to test whether Edge’s (NASDAQ: EDGE) drug, an injectable, sustained-release form of the pill nimodipine, was better than nimodipine pills at treating a… Read more »
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