Novartis Stops Development of Two Drugs

Novartis has discontinued development of albinterferon alfa-2b for the treatment of chronic hepatitis C, and Mycograb, an antifungal agent to treat invasive candidiasis in adults.

Author Image

By: Tim Wright

Editor-in-Chief, Contract Pharma

Novartis and Human Genome Sciences have discontinued further development of albinterferon alfa-2b for the treatment of adults with chronic hepatitis C following feedback from U.S and EU regulatory authorities, as well as data from a Phase II study. Novartis also stopped development of Mycograb (efungumab), an antifungal agent being studied as an add-on therapy to treat invasive candidiasis in adults. As a result of these decisions, the company will record intangible asset impairment and other...

Continue reading this story and get 24/7 access to Contract Pharma for FREE


Already a subscriber? Sign in

Keep Up With Our Content. Subscribe To Contract Pharma Newsletters