BioCentury on BioBusiness,
Why investors hadn't priced in InterMune's third Esbriet Phase III trial
Monday, March 3, 2014
Given the mixed clinical data
that Esbriet pirfenidone has produced in idiopathic pulmonary fibrosis in the
past, investors hadn't priced potential results of last week's Phase III ASCEND
data into InterMune Inc. (NASDAQ:ITMN). The positive results sent the
stock up $23.84 (171%) to $37.80 on Tuesday.
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