Concert Pharmaceuticals Starts Phase 1 Trial on Safety, Tolerability, Pharmacokinetics of its CTP-730 Drug
MIDNIGHT TRADER 7:07 AM ET 09/17/14
Symbol Last Price Change CNCE 13.1 0 (0%) CELG 92.57 0 (0%) QUOTES AS OF 04:00:00 PM ET 09/16/2014
07:07 AM EDT, 09/17/2014 (MT Newswires) -- Concert Pharmaceuticals(CNCE) said it has initiated a phase 1 clinical trial that will study the safety, tolerability and pharmacokinetics of CTP-730 drug that is being developed together with Celgene Corporation(CELG) for the treatment of inflammatory diseases.
CNCE closed higher 3.5% on Tuesday. in the upper half of the 52-week range between $7.12 and $16.26. CELG also closed up 3.5% and then gave up 0.1% in after-hours trading, near the higher end of the 52-week range between $66.85 and $96.44.