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Amgen suspends drug

By   /   Wednesday, November 26th, 2008  /   Comments Off on Amgen suspends drug

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Amgen on Nov. 25 decided to suspend a clinical trial of its experimental cancer drug motesanib because of higher deaths among patients, setting back the company’s efforts to expand in the market for oncology treatments.

The Thousand Oaks-based pharmaceutical company has made a major push in the past seven years to develop treatments for cancer. It now has eight oncology medicines in late-stage clinical trials needed to gain U.S. regulatory approval, with many more therapies in earlier-stage studies, Bloomberg News reported.

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