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Synergy Pharmaceuticals (SGYP -2.2%) slips after saying it has completed a Phase I clinical...
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Friday, December 28, 2012, 1:33 PM ETSynergy Pharmaceuticals (SGYP -2.2%) slips after saying it has completed a Phase I clinical trials of SP-333, a treatment for ulcerative colitis and other GI diseases. According to the results, SP-333 exhibited potent anti-inflammatory activity in animal studies, which the company believes can provide a new way to treat UC patients with mild to moderate disease. The company plans to start a multi-dose escalation trial in January.
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