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Santhera Shares Sink On Duchenne Setback in Europe

 
• By Kevin Grogan

Hopes were high for an expanded approval of Raxone but the CHMP's negative opinion has left the Swiss company's stock battered and bruised.

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Santhera stock on the slide after negative opinion from CHMP • Source: Shutterstock

The week could not have ended worse for Santhera Pharmaceuticals AG as its share price sank after European regulators recommended against approval of its investigational Duchenne muscular dystrophy hope Raxone (idebenone).

The Swiss group's stock closed down almost 46% on Friday Sept.15 to 38.75 francs, which was some improvement on an...

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