Shire drops after drug trial failure

Shire, the specialty biopharmaceutical group, dropped into the bottom spot on the FTSE 100 on Friday after one of its drugs missed the main target during a recent clinical trial.

Shire, the specialty biopharmaceutical group, dropped into the bottom spot on the FTSE 100 on Friday after one of its drugs missed the main target during a recent clinical trial.

SPD476 MMX mesalamine, registered as Lialda, is a drug intended to reduce the rate of recurrence of diverticulitis over a two-year treatment period.

Subscribe to MoneyWeek

Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE

Get 6 issues free
https://cdn.mos.cms.futurecdn.net/flexiimages/mw70aro6gl1676370748.jpg

Sign up to Money Morning

Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter

Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter

Sign up
MoneyWeek

MoneyWeek is written by a team of experienced and award-winning journalists, plus expert columnists. As well as daily digital news and features, MoneyWeek also publishes a weekly magazine, covering investing and personal finance. From share tips, pensions, gold to practical investment tips - we provide a round-up to help you make money and keep it.