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flag SPARC's shares plummet after its experimental drug fails in psoriasis and dermatitis trials.

flag 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. flag The drug did not achieve the required improvements in severity indices for both conditions. flag 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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