MorphoSys shares plunge after partner Roche says Alzheimer’s drug trials didn’t meet goals

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German-listed shares of MorphoSys MOR, -32.03% MOR, +2.44% lost a third of their value on Monday after its partner Roche said an Alzheimer drug trial failed. Roche ROG, -3.58% slumped 4% in Zurich as the company said Phase 3 studies evaluating gantenerumab in people with mild cognitive impairment (MCI) due to Alzheimer’s and mild Alzheimer’s dementia did not meet their primary endpoint of slowing clinical decline.

This article was originally published by Marketwatch.com. Read the original article here.

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