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Biogen, Celltech Say Crohn's Disease Drug Failed

 

Biogen(BGEN Quote) and partner Celltech(CLL Quote) said Tuesday that an experimental drug for Crohn's disease currently under development failed to meet the endpoint in two late-stage clinical trials.

Biogen shares were off 85 cents, or 2%, to $35.10 in early trading. Celltech shares slid l.44, or 10%, to $12.40. ...

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