Viatris Hits Snag In Eye Drug Study—Phase 3 Plans Under Review
Failed clinical trials often lead to immediate negative stock reactions. Historical examples include stocks dropping after failed drug trials.
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Failed clinical trials often lead to immediate negative stock reactions. Historical examples include stocks dropping after failed drug trials.
What happened, with direct paths to the underlying reporting
Viatris' Phase 3 study of MR-139 did not meet primary efficacy endpoint. Chief R&D Officer indicated next steps may involve revising study plans. MR-141 trial showed positive outcomes for presbyopia treatment over placebo. Analysts project VTRS shares have a 1-year price target of $10. Viatris shares fell 3.94% to $8.90 at publication time.
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