
Jeremy Levin via YouTube
Ovid cuts its losses on controversial Angelman syndrome drug, making its crushing development halt permanent
After a turbulent couple of years, Ovid is officially doing away with a program it had once championed in the face of heavy analyst skepticism.
Ovid has discontinued development of OV101, or gaboxadol, in Angelman syndrome and will not pursue further clinical trials for Fragile X syndrome, the company announced Monday morning. The news comes after Ovid had previously paused development in Angelman when the compound flunked a Phase III trial in December.
To read Endpoints News become a free subscriber
Unlock this article instantly, along with access to limited free monthly articles and our suite of newsletters