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BMS Suspends Study of Nucleotide BMS094 Formerly INX189
Aug. 1, 2012
Bristol Myers acquired BMS-986094 through its $2.5 billion purchase of Inhibitex Inc earlier this year.
The drug belongs to a promising new type of hepatitis C medicines called nucleotide polymerase inhibitors, which work by targeting polymerase -- an enzyme essential for replication of the hepatitis C virus.
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Bristol-Myers Suspends Hepatitis C Drug Clinical Trial
Bloomberg By Andrew Pollack and Jason Gale on August 02, 2012
Bristol-Myers Squibb Co. said it suspended a mid-stage study of an experimental hepatitis C drug obtained in its $2.5 billion January acquisition of Inhibitex Inc. after a patient developed heart failure.
Bristol-Myers suspended the clinical trial of the medicine, known as BMS-986094, "on the emergence of a serious safety issue," the New York-based drugmaker said in a statement. Administration of the drug to about 30 patients enrolled in a so-called Phase 2b study has been stopped pending an investigation, Sonia Choi, a Bristol-Myers spokeswoman, said yesterday in a telephone interview. Heart failure occurred in one patient receiving the highest daily dose of 200 milligrams, she said.
"Although the issue presented in a patient receiving that dose, it doesn't preclude the possibility of issues with other patients at other doses," Choi said. "At this point, we don't know what the cause of the safety issue is. We are taking the time to evaluate information on all patients receiving this compound."
Bristol-Myers has made acquisitions to gain new experimental medicines as it seeks to replace revenue from Plavix, a blood thinner that produced 33 percent of the company's 2011 sales and began facing generic competition in May. The company is competing with Gilead Sciences Inc., among other drugmakers, to gain approval of a new generation of medicines to treat the 170 million patients worldwide with hepatitis C. The market is estimated at $20 billion for the new pills designed to work more quickly with fewer side effects for those with the liver infection.
The clinical trial, the second of three phases usually needed for regulatory approval, involved BMS-986094 in combination with daclatasvir, another of the company's experimental hepatitis C treatments, according to data compiled by Bloomberg.
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