WASHINGTON: DBV Technologies SA said on Friday its peanut allergy treatment did not meet the main goal in a highly anticipated late-stage study, sending its U.S.-listed shares sharply down.
Nasdaq-listed shares of the French drug developer plunged 60.5 percent to $19 in extended trading.
The trial, which tested a 250 microgram stick-on patch called Viaskin Peanut, in 356 children between the ages of 4-11, missed the main goal of achieving a certain tolerance to peanut protein.
Shares of rival Aimmune Therapeutics…
MELBOURNE: Australian researchers have reported a major breakthrough in the relief of deadly peanut allergy with the discovery of a long-lasting treatment they say offers hope that a cure will soon be possible.
In clinical trials conducted by scientists at Melbourne's Murdoch Childrens Research Institute, children with peanut allergies were given a probiotic along with small doses of a peanut protein over an 18-month period.
When the experiment ended in 2013 some 80 percent of the kids were able to tolerate peanuts.…