Acer Therapeutics Pauses ACER-801 Program After Trial Misses Topline Results [MarketWatch]
Acer Therapeutics Inc. (ACER)
Last acer therapeutics inc. earnings: 3/18 04:05 pm
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Source: MarketWatch
severe vasomotor symptoms associated with menopause didn't achieve statistical significance even though it was safe and well-tolerated. The Newton, Mass.-based pharmaceutical company said the Phase 2a clinical trial evaluated ACER-801's ability to decrease the frequency or severity of hot flashes in postmenopausal women. As a result of missing the topline results, Acer Therapeutics is pausing the ACER-801 program until it has conducted a thorough review of the full data set. Acer Therapeutics said it is continuing to focus on an ongoing Phase 3 clinical trial of Edsivo for the treatment of vascular Ehlers-Danlos Syndrome, as well as on the commercial launch of an oral suspension of Olpruva sodium phenylbutyrate for the treatment of urea cycle disorders involving deficiencies of carbamylphosphate synthetase, ornithine transcarbamylase, or argininosuccinic acid synthetase. Acer shares were down 29% to $1.10 in premarket trading Friday. Write to Chris Wack at chris.wack@wsj.com
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