OT: Lilly Discontinues Cholestoral Drug

JHam
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OT: Lilly Discontinues Cholestoral Drug Oct 12, 2015 12:19:37 GMT

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Could be a rough day for biotech all around on this news. They put $90M into the development of this thing and are discontinuing it in P3. The stock is halted:

finance.yahoo.com/news/lilly-discontinue-development-evacetrapib-high-120000194.html?soc_src=mediacontentstory&soc_trk=tw

Last Edit: Oct 12, 2015 12:23:56 GMT by JHam

"There is no hair..."

avtech Full Member Posts: 107	OT: Lilly Discontinues Cholestoral Drug Oct 12, 2015 12:32:45 GMT Quote Select Post Deselect Post Link to Post Member Give Gift Back to Top Post by avtech on Oct 12, 2015 12:32:45 GMT Interesting...this bodes well for stem cell companies. At some point I expect self funding by drug monies to evolve into buying stem cell companies or at least partnering with drug money.