Liminal BioSciences Stock Falls on Scrapping Further Development of Fezagepras

  • Based on interim pharmacokinetics (PK) results from the ongoing multiple ascending dose study Liminal BioSciences Inc LMNL has decided not to move fezagepras into a Phase 2 study in Idiopathic Pulmonary Fibrosis and a Phase 1a/2b study in Hypertriglyceridemia.
  • The Company is evaluating the interim PK results.
  • Once the study is complete, the Company expects that a full analysis of the complete PK data set from the phase 1 study will help determine the choice of any other potential indication(s) for further development of fezagepras.
  • No dose-limiting adverse events or other potential safety signals have been observed.
  • Price Action: LMNL shares dropped 5.88% at $4.16 during the premarket session on the last check Tuesday.
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