Eli Lilly & Co. (LLY) to Terminate Evacetrapib Development; Sees Charges
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Lilly to Discontinue Development of Evacetrapib for High-Risk Atherosclerotic Cardiovascular Disease
October 12, 2015 8:01 AM EDTINDIANAPOLIS, Oct. 12, 2015 /PRNewswire/ -- Eli Lilly and Company (NYSE: LLY) and the ACCELERATE study's academic leadership have accepted the recommendation of the independent data monitoring committee to terminate the Phase 3 trial of the investigational medicine evacetrapib, due to insufficient efficacy. Lilly will discontinue development of evacetrapib for the treatment of high-risk atherosclerotic cardiovascular disease and will now conclude other studies in the program.
The independent data monitoring committee based its recommendation on data from periodic data reviews, which suggested there was a low probability the study would... More
