Showing posts with label Schering stock price ankylosing spondylitis indication humira Abbott labs AS june 13 2008. Show all posts
Showing posts with label Schering stock price ankylosing spondylitis indication humira Abbott labs AS june 13 2008. Show all posts

Saturday, June 14, 2008

One Reason for Schering's Stock Price Decline on Friday, June 13, 2008. . .



I originally posted this elsewhere, but I thought I'd keep track of it -- for ease of future reference -- here:

". . . .Abbott [today] announced new data from the open-label extension of the ATLAS (Adalimumab Trial Evaluating Long-Term Efficacy and Safety in AS) phase III clinical trial, which showed HUMIRA® (adalimumab) reduced the signs and symptoms of ankylosing spondylitis (AS) for up to three years of treatment among 74 percent of patients tested. AS is a type of arthritis that primarily causes inflammation of the spine and the spinal joints. . . ."

So, Abbott's tried and true mature drug, Humira, looks to be both safe and effective against ankylosing spondylitis (AS), for at least three year horizons -- which makes SGP's candiate, not yet cleared in Europe, for the AS indication, considerably less valuable.

Or so it would seem, to this experienced observer.