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Eli Lilly Type-1 Diabetes Drug Fails Trial Efficacy Endpoint

DOW JONES NEWSWIRES Eli Lilly & Co. (LLY) and its partner in licensing diabetes-drug candidate teplizumab said the treatment failed to reach the main efficacy goal a late-stage study. As a results, Lilly and MacroGenics Inc. suspended further enrollment and dosing of patients in two other ongoing clinical trials of the treatment effect in type-1 diabetes. Teplizumab, which the companies license from PDL BioPharma Inc. (PDLI), was being tested to treat newly diagnosed type-1 diabetes, the less-common type of the disease. The treatment was meant to slow its progression. Gwen Krivi, a Lilly executive in diabetes product development, called the drug's failure to reach the primary endpoint "obviously disappointing. She said the two companies will be considering all options for teplizumab. Under the licensing arrangement, Lilly agreed to pay PDL BioPharma fees during testing of teplizumab and would pay royalties on sales if the drug is approved. The trial results follow other another disappointment for Lilly on a diabetes drug-candidate earlier this week. The Food and Drug Administration held off on approving the company's long-acting version of diabetes drug Byetta, requesting more testing and data analysis. Eli Lilly is developing the drug with Amylin Pharmaceuticals Inc. and Alkermes Inc. (ALKS). The approval was widely expected. Lilly shares were down 0.2% at $35.95 in after-hours trading, while PDL closed the regular session Wednesday up 2.2% at $5.59 and wasn't active after the close. -By Joan E. Solsman, Dow Jones Newswires; 212-416-2291; [email protected]

Stock News for Alkermes (ALKS)
02/21/201718:04:59Statement of Changes in Beneficial Ownership (4)
02/21/201718:00:27Statement of Changes in Beneficial Ownership (4)
02/21/201717:57:45Statement of Changes in Beneficial Ownership (4)
02/21/201717:56:40Statement of Changes in Beneficial Ownership (4)
02/21/201717:51:31Statement of Changes in Beneficial Ownership (4)
02/21/201717:50:11Statement of Changes in Beneficial Ownership (4)
02/21/201717:35:09Statement of Changes in Beneficial Ownership (4)
02/21/201717:29:11Statement of Changes in Beneficial Ownership (4)
02/21/201717:27:43Statement of Changes in Beneficial Ownership (4)
02/17/201707:05:04Annual Report (10-k)
02/16/201717:57:56Statement of Changes in Beneficial Ownership (4)
02/15/201707:13:33Current Report Filing (8-k)
02/15/201707:00:00Alkermes plc Reports Financial Results for the Year Ended Dec...
02/14/201710:48:03Amended Statement of Ownership (sc 13g/a)
02/13/201708:39:46Statement of Ownership (sc 13g)
02/09/201709:54:51Schedule 13g
02/09/201706:05:33Amended Statement of Ownership (sc 13g/a)
02/08/201716:00:00Alkermes to Host Conference Call to Discuss Fourth Quarter and...
02/06/201713:33:06Amended Statement of Ownership (sc 13g/a)
02/02/201718:24:07Statement of Changes in Beneficial Ownership (4)

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