STAT+: Novartis’ experimental cardiovascular drug fails a pivotal study
Summary
Novartis said its experimental cardiovascular drug failed a pivotal study. The result is a major setback for the company and its effort to advance the drug toward approval.
The failed study blocks a key path to regulatory approval and weakens Novartis' cardiovascular pipeline.
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The failure removes a potentially important treatment from the near-term development pipeline and raises questions about Novartis' next investment decisions.