Beverly Hills 11/18/2009 2:50:08 AM
News / Business

InterMune Stocks Take a Dive With News of Discontinued Hepatitis C Treatment

Finance World News Update by EQUITIES Magazine

InterMune stocks fell after the biotechnology company announced it was discontinuing the high-dose usage of its experimental Hepatitis C treatment in a study because of potential liver damage.

 

Shares dove $2.03, or 14.5 percent, to $11.99 after the announcement.

 

All other doses of the drug candidate will continue to be administered, with data from the 12-week portion expected in the first quarter.

 

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Since 1951, EQUITIES Magazine has been a leading media company providing business editorial content designed to serve the needs of business leaders, professionals, institutional investors and retail investors. We are focused on business and the business of making money, not on lifestyle subjects. We publish original reporting in print and on our website, as well as select content at www.nasdaq.com. For 28 years we have hosted our own branded investor conferences that connect public company CEO’s with our loyal readers in the investment community.

 

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