Acceleron Pharma stock down 4% after company halts treatment trial [MarketWatch]
Acceleron Pharma Inc. (XLRN)
Last acceleron pharma inc. earnings: 2/27 04:05 pm
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Source: MarketWatch
Acceleron Pharma stock down 4% after company halts treatment trial Shares of Acceleron Pharma Inc. XLRN, +1.71% fell nearly 4% in the extended session Monday after the biopharmaceutical company said one of its treatments aimed at a type of muscular dystrophy showed no evidence of benefits relative to a placebo. The company has stopped further clinical trials, saying it was "disappointed" with the results. The treatment, called ACE-083, is on a trial for another neuromuscular disorder and topline results are expected in the first quarter, Acceleron said. The stock ended the regular trading day 1.7% higher.
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