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SPARC's shares plummet after its experimental drug fails in psoriasis and dermatitis trials.
Shares of SPARC, a research arm of Sun Pharmaceutical, dropped over 18% after its experimental drug SCD-044 failed to meet clinical trial goals for treating psoriasis and atopic dermatitis.
The drug did not achieve the required improvements in severity indices for both conditions.
Despite a recent increase in total income, SPARC's profitability declined, and its shares are now in a bearish outlook due to the drug's discontinuation.
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Las acciones de SPARC se desploman después de que su fármaco experimental falle en los ensayos de psoriasis y dermatitis.