Active Biotech AB/Teva Pharmaceutical Industries Ltd.'s oral immunomodulator, laquinimod, has failed to show efficacy in another potential indication, Huntington's disease, with the mainly negative top-line results from the Phase II LEGATO-HD study adding to last year's disappointment in multiple sclerosis.
Active Biotech's share price declined by 35% in early trading on July 31, the day the Lund, Sweden-based biotech company announced that the results of the LEGATO-HD in Huntington's disease (HD) did not meet the study's primary endpoint of change from baseline in the Unified
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