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Will Osiris's 'overwhelming' data shove Shire's Dermagraft in the mire?

This article was originally published in Scrip

Executive Summary

Shares in Osiris Therapeutics shot up 125% in morning trading on 13 August after the firm announced it has stopped a study of its Grafix cellular wound care product in diabetic foot ulcer because of "overwhelming efficacy." Its stock was trading at $24.01 during the day, up from a closing price on $10.66 on 12 August.

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