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FDA OKs Phase 3 of ArQule liver cancer trial
Posted on October 17, 2012 at 08:17 AM EDT
Six weeks after ArQule Inc. (Nasdaq: ARQL) abandoned Phase 3 trials for its lead drug candidate, tivantinib, for lung cancer, it said Tuesday that it’s struck an agreement for another Phase 3 trial, this time for liver cancer. The Woburn company’s stock was up 6 percent to $2.80 as of 1:15 p.m. on Tuesday’s news, after collapsing to $2.21 - within 20 cents of its 52-week low - following the Oct. 2 news that it was halting the Phase 3 trial. ArQule is developing tivantinib in partnership with…
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