Chris Jeffers, Regio Biosciences CEO

As­traZeneca dumps off a mid-stage PAD hope­ful, sound­ing re­treat from a packed mar­ket

Car­dio­vas­cu­lar dis­ease is hav­ing some­what of a re­vival in re­cent years, with a spate of next-gen­er­a­tion heart drugs crack­ing open ma­jor in­di­ca­tions. But for at least one drug’s R&D jour­ney, As­traZeneca has de­cid­ed to give up the reins rather than ride it out.

As­traZeneca has grant­ed ex­clu­sive de­vel­op­ment and com­mer­cial rights to Re­gio Bio­sciences for REG-101, a car­dio­vas­cu­lar drug ex­pect­ed to en­ter Phase IIa tri­als for pe­riph­er­al artery dis­ease (PAD) in the sec­ond half, the com­pa­nies said Thurs­day.

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