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HGS's stock falls as Albuferon not superior to Pegasys in hepatitis C

This article was originally published in Scrip

Executive Summary

Human Genome Sciences' share price plummeted by 67% on Nasdaq on March 9th, closing at an all-time low of $0.55, after its lead hepatitis C candidate Albuferon (albinterferon alfa-2b) disappointed in a Phase III trial that pitted it against peginterferon alfa-2a (Roche's Pegasys), despite meeting its primary non-inferiority endpoint. HGS, however, remained optimistic about the drug's prospects and said it planned to file Albuferon worldwide in the autumn.

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