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MAPP Harbor Multi asset Explorer ETF

22.053
-0.1463 (-0.66%)
07 Jun 2024 - Closed
Delayed by 15 minutes
Name Symbol Market Type
Harbor Multi asset Explorer ETF AMEX:MAPP AMEX Exchange Traded Fund
  Price Change % Change Price High Price Low Price Open Price Traded Last Trade
  -0.1463 -0.66% 22.053 0 21:15:02

AstraZeneca Terminates MAP Pharma Pact, Sees $44 Million charge In 2Q

09/07/2009 2:40pm

Dow Jones News


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AstraZeneca PLC (AZN), a major international healthcare business, said Thursday it has terminated the license agreement with MAP Pharmaceuticals Inc (MAPP), regarding Unit Dose Budesonide, or UDB adding that it expects to record an impairment charge of $44 million in the second quarter results.

MAIN FACTS:

-UDB, an investigational treatment for paediatric asthma, was the subject of an initial Phase III clinical trial conducted by MAP Pharmaceuticals.

-On Feb. 23, MAP announced that the trial failed to meet its primary endpoints.

-In light of the clinical trial results, AstraZeneca exercised its right to terminate the license agreement.

 
-By London Bureau, Dow Jones Newswires; Contact Ian Walker; +44 (0)20 7842 9296; ian.walker@dowjones.com 
 
 
 

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