Biotech
Depomed Trial Disappoints; Shares Plunge
Stock quotes in this article:DEPO
The company's chief executive, Carl Pelzel, said in a statement, "We need to extensively analyze the data to better understand all of the implications in order to refine our approach to any additional development."
Pelzel, of course, tried to put a good face on the results. "We remain very enthusiastic about Serada and our menopausal hot flash program," he said. "There is a large unmet need for a non-hormonal hot flash therapy, and we believe Serada has the potential to address that need." -- Written by Scott Eden in New York Follow TheStreet.com on Twitter and become a fan on Facebook.TheStreet Premium Services
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| Dow Jones | S&P 500 | NASDAQ | 10-Year Note |
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| 12,393.45 | 1,310.33 | 2,827.34 | 15.81 |
Oil *
101.78
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0.44 |
10 Yr
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SPDR Gold
151.62
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-0.23%
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