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Wednesday, Oct 9
Ariad shares plunge after it pauses enrollment for leukemia drug trial
- Ariad Pharmaceuticals (ARIA) collapses 59% after the company says that it's suspending the enrollment of new patients in trials for its Iclusig treatment for chronic myeloid leukemia.
- The pause follows an increase in the rate of cardiac problems in patients who received Iclusig.
- Pending FDA approval, Ariad hopes to resume enrollment with lower doses of the drug. Patients already on the medicine will continue to do so but with smaller doses.
- The U.S. prescribing information for Iclusig remains unchanged. (PR)