Tests on AIDS virus drug bring good results
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- May
- 1
Progenics Pharmaceuticals Inc., a biotechnology research company in Eastview, said this morning that the first clinical tests on a drug to treat the virus that causes AIDS produced positive results. The company said the drug, PRO 140, reduced the viral concentrations in the blood of patients.
The U.S. Food and Drug Administration has granted fast-track status to the company’s efforts to commercialize the drug. Progenics said it plans further tests during the second half of the year.
Progenics shares closed yesterday at $24.20, down, $1.48.
This entry was posted
on Tuesday, May 1st, 2007 at 9:34 am by Allan Drury.
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