Adolor chronicles

After hitting a six-year high last September, Adolor (ADLR) began a steady descent when it and partner GlaxoSmithKline (LSE:GSK; GSK) reported mixed Phase III data on their Entereg bowel dysfunction candidate. ADLR took another hit in November when it received a second approvable letter for Entereg asking for 12-month safety data. Those data came out last week, indicating continued cardiovascular safety signals. The partners said they still plan to submit a complete response this quarter to the approvable letter. ADLR has raised more than $500 million in financing since its inception in 1994. Weekly stock price for Adolor (ADLR) tracked against selected events since its IPO in 2000.

A. 11/13/00 - Adolor(ADLR) raises $90M in an IPO...