Renovo Announces Trial Failure of Juvista
Renovo admitted that its main treatment Juvista has failed to meet its goals in the phase III trial in Europe.
Renovo Group plc, the biopharmaceutical company developing drugs to reduce scarring, improve wound healing and enhance tissue regeneration announced that its first EU Phase III trial for Juvista in scar revision surgery (REVISE?) did not meet its primary or secondary endpoints. Renovo will conduct further exploratory analysis and determine the future of the Juvista development programme.
Professor Mark Ferguson, CEO Renovo, said: “We are extremely surprised and disappointed by the failure of Juvista to meet the Phase III trial primary and secondary endpoints. The Board of Renovo will now consider all options open to it to maximise shareholder value.”
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