Market Disappointed By Cardium Therapeutics (CXM) Results
October 14, 2009 · Filed Under R&D
Cardium Therapeutics (AMEX:CXM) announced what it called positive data from its Matrix Phase 2b clinical trial of Excellarate for the potential treatment of patients with chronic non-healing diabetic foot ulcers based on the Company’s Gene Activated Matrix (GAM) technology platform. The study evaluated patients treated with the Excellarate product candidate (GAM501, which is a combination of Ad5PDGF-B and 2.6% collagen) or 2.6% collagen alone (matrix), compared to patients who received only the protocol-specified standard of care without any applied Ad5PDGF-B or collagen matrix.
The market frowned on the results and pushed shares down 14% to $1.69
Douglas A. McIntyre
Comments
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