Chicos, habeis pensado entrar en FOLD despues de la caida??? esto de que Glaxo tenga el 20% da cierta tranquilidad. fold
Amicus Therapeutics also announced negative results from a clinical trial of its drug migalastat HCI in treating Fabry disease, a rare genetic disorder. Shares tanked 54% during the week.
The story for Amicus sounds similar to that for Oncothyreon. A big partner, in this case GlaxoSmithKline , conducted the phase 3 study. Like Oncothyreon's L-BLP25, Amicus' migalastat didn't achieve statistically significant improvement. Glaxo also remained publicly committed to the program in much the same way that Merck KGaA was. Amicus doesn't have any other drugs in phase 3, like Oncothyreon, although another phase 3 study for migalastat is under way.
One key difference is that Amicus' relationship with partner Glaxo is closer than that between Merck KGaA and Oncothyreon. Glaxo owns a 20% stake in Amicus.