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KaloBios kills KB003 after Phase II asthma failure

This article was originally published in Scrip

Executive Summary

KaloBios Pharmaceuticals plunged 29.3% in after-hours trading on 29 January after the company said it will discontinue development of KB003 for severe asthma, because the monoclonal antibody failed to deliver a statistically significant improvement in pulmonary function versus placebo in a Phase II clinical trial.

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