AstraZeneca dumps Targacept's antidepressant TC-5214 after two more Ph III failures

AstraZeneca has decided to cut its losses and drop the Phase III antidepressant candidate TC-5214 that it licensed from Targacept in December 2009.

AstraZeneca has decided to cut its losses and drop the Phase III antidepressant candidate TC-5214 that it licensed from Targacept in December 2009.

It said that it would not pursue a regulatory filing for the novel neuronal nicotinic receptor antagonist after reporting that...

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