Vectura blueprints late-stage trials for key drugs

The UK's Vectura has blueprinted its late-stage plans for two key drug programs.

The experimental smoker's lung drug NVA237 will start a pivotal Phase III trial in June. A separate therapy that combines NVA237 with Novartis's QAB149 should begin Phase III in the fourth quarter. The launch of the two late-stage trials will trigger two milestone payments from Novartis worth $15 million.

Vectura's shares were also buoyed this morning by news that it posted more annual revenue than analysts had expected along with a smaller loss than the market expected.

- read the report from the Guardian

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