The future of Rigel Pharmaceuticals Inc.’s pipeline looks precarious now that its partner AstraZeneca PLC has chosen to return worldwide licensing rights of the rheumatoid arthritis candidate fostamatinib back to the biotech. The decision comes on the back of lackluster Phase III results for the drug, but Rigel isn’t throwing in the towel yet.
Rigel and AstraZeneca announced June 4 that fostamatinib, an oral spleen tyrosine kinase (SYK) inhibitor, showed mixed results in two...
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