Alizyme Therapeutics' investigational ulcerative colitis treatment Colal-Pred has failed to meet one of its primary endpoints in a pivotal Phase III trial. Colal-Pred, a colonic-release formulation of prednisolone, showed inferior efficacy to conventional prednisolone in the trial.
Shares in the UK-listed biotech company fell by 50% to 7.76p on the London Stock Exchange on July 24th, following...