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France's Pharnext Undone By Placebo Effect

 
• By Kevin Grogan

The Paris-based biotech's Charcot-Marie-Tooth disease drug falls short in Phase III.

Man Holding Up Falling Blocks
• Source: Shutterstock

Pharnext SA is reeling after the failure of its only late-stage asset PXT3003 less than a month after claiming that three companies were vying to partner the potential therapy for Charcot-Marie-Tooth disease.

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