AstraZeneca halts work on Motavizumab drug

AstraZeneca sign outside its Macclesfield plant It is the second piece of bad news on drug development AstraZeneca has had in four days

Related Stories

AstraZeneca has warned that it will have to write-down $445m (£286m) after discontinuing a key development programme for one of its newest drugs.

The UK group has cancelled further development of its antibody Motavizumab for the prevention of a respiratory virus.

It said it would take the $445m charge in its fourth quarter 2010 results.

The news comes just four days after US regulators further delayed approval of the company's heart drug Brilinta.

AstraZeneca said it would no longer develop Motavizumab for the prevention of respiratory syncytial virus (RSV), and as a result was withdrawing its licence application to the US Food and Drug Administration.

However, it added that it would continue to develop Motavizumab for other treatments of RSV.

More on This Story

Related Stories

The BBC is not responsible for the content of external Internet sites

More Business stories

RSS

Features

BBC © 2014 The BBC is not responsible for the content of external sites. Read more.

This page is best viewed in an up-to-date web browser with style sheets (CSS) enabled. While you will be able to view the content of this page in your current browser, you will not be able to get the full visual experience. Please consider upgrading your browser software or enabling style sheets (CSS) if you are able to do so.