Acorda Therapeutics crashes 40% after patients die in drug trial

Seth Archer

Nov 16, 2017, 02:27 IST

Acorda Therapeutics, a drugmaker, plunged around 40% after patients died during the company's Parkinson's disease drug trial, according to Bloomberg's Natasha Rausch.
Seven patients in the trial, which was in the final stages, developed a severe infection called sepsis, and five died.
The company said it would stop adding new patients to the trial.
It said it has no hypothesis yet for how the patients died, but four of the patients that developed sepsis also developed a condition called agranulocytosis, where white-blood cells disappear from the body, which can be linked to the drug.
Shares were up 50% for the year before the drop on Wednesday.
Read Bloomberg's full story here.