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6:28 PM
Sep 17, 2012
 |  BC Extra  |  Clinical News

Targacept restructures after discontinuing TC-5619 for ADHD

Targacept Inc. (NASDAQ:TRGT) discontinued development of TC-5619 to treat ADHD and said it will implement a further reduction in headcount as well as limit its investment in its neuronal nicotinic receptor pipeline until the search for a new CEO is completed. The news sent shares of Targacept sliding $0.54 (11%) to $4.31 on Monday. The company discontinued...

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