Cruel Summer: High-Profile Trial Failures Dominate R&D News Flow

As the summer of 2012 wears on, an outpouring of negative clinical trial news for high-profile new drug candidates has made the season more a time of doldrums than of fun in the sun for big pharma.

Clinical failure is an expected and understood fact in the quest to develop novel medicines, but recent stumbles by important candidates in late-stage trials at major firms are making the risk element of R&D more prominent than usual, with clinical disappointments threatening hopes for paradigm-changing treatment in Alzheimer’s disease, cardiovascular disease and hepatitis C.

Setbacks for pipeline centerpieces like Alzheimer’s candidates from Eli Lilly & Co. (solenezumab) and Johnson & Johnson/Pfizer...

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