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DewDiligence

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DewDiligence

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Re: None

Monday, 10/04/2021 9:59:12 AM

Monday, October 04, 2021 9:59:12 AM

Post# of 3015
ENTA discontinues NASH program:

https://www.businesswire.com/news/home/20211004005192/en

ENTA’s EDP-305 (first-generation FXR) wasn’t going anywhere due to an unacceptably high rate of pruritis, as was previously discussed on iHub (#msg-152426231). The new news in today’s PR is that EDP-297, the follow-on FXR compound, was no better than EDP-305.

The market was ascribing zero value to ENTA’s NASH program, so I don’t expect today’s news to be a market-moving event one way or the other.

“The efficient-market hypothesis may be
the foremost piece of B.S. ever promulgated
in any area of human knowledge!”

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