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AstraZeneca lung cancer study fails

AstraZeneca announced this morning that its long running MYSTIC lung cancer trail suffered a serious setback this morning. The phase III study failed to meet the primary end point of improving progression-free survival compared to chemotherapy, the current standard of care.

The company did day that the real focus should be on the overall survival data due out next year. A lot of investors were hoping for a positive results on the project as many thought this would be the answer to the drug makers current issues.

As of 8:12am the stock was trading down c.16.1%at c.4278.00


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