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Stock impact report

Polyphor reinvents itself after abandoning antibiotic trial [Reuters (UK)]

Auris Medical Holding AG (EARS) 
Last auris medical holding ag earnings: 8/10 06:31 am Check Earnings Report
US:NASDAQ Investor Relations: ir.aurismedical.com
Company Research Source: Reuters
Polyphor reinvents itself after abandoning antibiotic trial - Reuters 2 Min Read ZURICH (Reuters) - Drugmaker Polyphor is hiring new managers and shifting focus after a trial of its top antibiotic hopeful proved too dangerous to continue, the Swiss company said on Wednesday. Chief Financial Officer Kalina Scott is leaving as Polyphor redirects its attention to the late-stage immuno-oncology asset balixafortide that it hopes proves effective against a type of metastatic breast cancer. Scott, who joined in 2017, will be replaced by Hernan Levett, now CFO at Auris Medical. Polyphor’s prospects and its share price plunged this year when it halted a trial of its intravenous murepavadin antibiotic against pneumonia due to a risk it could damage kidneys. While it is still developing inhaled murepavadin for cystic fibrosis, the scotched trial was a major blow. “The company expects inhaled murepavadin should not lead to kidney toxicity, given its much lower dose and local administration,” Poly Show less Read more
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