Vancouver-based biotech Cardiome Pharma Corp.’s future seems unclear, even to its own management, following the decision on March 17 of its partner, Merck & Co. Inc., to discontinue development of its lead project, an oral version of the anti-arrhythmic drug vernakalant.
Cardiome’s share price plummeted by more than 50% and the status of the development project fell into limbo after it announced Merck’s decision on March 19. Several analysts have since...
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