Shire (SHPGY) Will Not Pursue Dermagraft as Latest Trial Did Not Meet Endpoints

August 24, 2011 11:39 AM EDT
Shares of Shire (Nasdaq: SHPGY) are moving very modestly lower over the last few minutes as we are hearing the company won't pursue Dermagraft for venous leg ulcers. The latest trial (Phase 3) did not meet primary endpoints.

The stock last traded at $99.50 on the NYSE, up 0.3 percent from Tuesday's close.


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