Teva Pharmaceutical Industries Ltd. and Active Biotech AB said Monday they were ending the higher-dose portions of two multiple-sclerosis studies with the drug Laquinimod after eight patients suffered nonfatal cardiovascular events.

The companies said the incidents occurred in the higher-dose components of a phase 3 and a phase 2 clinical trial. The lower-dose and placebo components of the tests will continue.

Phase 3 clinical trials are typically the last phase before a drug gets approval from the U.S. Food and Drug Administration.

Teva shares fell 1.3% in early trading in New York, and Active Biotech shares fell by about one-third in Stockholm.

Laquinimod is a once-daily oral drug being developed for treating multiple sclerosis and Huntington disease.

The stoppage occurred after the studies' data-monitoring committee noticed an imbalance in the number of heart incidents in the higher-dose trials and those of the lower-dose and placebo trials.

Teva said there aren't "cardiovascular concerns" for the lower dosage of Laquinimod in large trials it had previously completed and in continuing long-term extensions studies.

Write to Austen Hufford at austen.hufford@wsj.com

 

(END) Dow Jones Newswires

January 04, 2016 11:35 ET (16:35 GMT)

Copyright (c) 2016 Dow Jones & Company, Inc.
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