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Axovant's Cupboard Is Bare After Lead Dementia Program Fails

 
• By Lucie Ellis-Taitt

'New year, new me' is a mantra to be adopted by Swiss drug developer Axovant as it seeks new products to fill its pipeline. The CNS-focused company is floundering having ended development of its lead compound intepirdine following another clinical trial failure.

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What next for Axovant after failure of dementia drug? • Source: Shutterstock

One week into 2018 and Axovant Sciences Ltd.'s worst fears have been realized; the company has discontinued development of its lead product candidate intepirdine and has little else in its pipeline to retain or regain investor support.

Axovant's stock (traded on NASDAQ) was down 57% on Jan. 8, on the news intepirdine had failed in another critical...

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