Lilly Halts Testing of Rheumatoid Arthritis Medicine
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Eli Lilly & Co., facing billions of dollars in losses from generic competition, said it is halting testing of an experimental drug for rheumatoid arthritis because the studies show the medicine isn’t effective.
The decision to stop testing the therapy, called tabalumab, in rheumatoid arthritis wasn’t based on safety concerns, the Indianapolis-based drugmaker said today in a statement. Lilly said it will continue to develop it as a treatment for lupus.