Axovant Sciences Ltd (AXON.OQ)
17 Nov 2017
* Axovant announces second fiscal quarter financial results and corporate updates
Drug developer Axovant Sciences Ltd said it would stop testing its lead drug in Alzheimer's after it failed to meet the main goals of a late-stage trial, underlining the challenges in developing treatments for the memory-robbing disease.
* Shares hit record low (Adds details, conference call and analyst comments; updates shares)
BRIEF-Axovant announces negative topline results of intepirdine phase 3 mindset trial in Alzheimer's disease
* At 24 weeks, patients treated with 35 mg of intepirdine did not experience improvement in cognition
Sept 26 Axovant Sciences Ltd said on Tuesday its experimental drug targeting Alzheimer's patients failed to meet the main goals in a late-stage trial.