Axovant Sciences (AXON) Sinks 17% on Eli Lilly Sola Failure

November 23, 2016 7:50 AM EST
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Axovant Sciences (NYSE: AXON) is down 17% in pre-open trade after Eli Lilly & Co. (NYSE: LLY) announced that solanezumab did not meet the primary endpoint in the EXPEDITION3 clinical trial, a phase 3 study of solanezumab in people with mild dementia due to Alzheimer's disease (AD).

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