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Retrophin Drug Licensed by Shkreli Shows Positive Phase 2 Results

Xconomy

Retrophin , the drug developer founded by controversial former biotech executive Martin Shkreli, has posted positive results from a midstage study for its treatment for a rare kidney disease. He licensed the drug from San Diego-based Ligand Pharmaceuticals (NASDAQ: LGND ) in March 2012. This time, he increased the price from $13.50

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Evoke Pharma’s Stock Sinks on Stomach Drug’s Phase 3 Failure

Xconomy

In early trading Monday, Evoke’s (NASDAQ: EVOK ) stock price was down 72 percent to $3.02 Evoke’s late-stage study failed to show a significant benefit to the drug, EVK-001, versus placebo at all 41 of the sites that tested it nationally. per share as of 11:30 a.m. in New York. Evoke didn’t reveal any further plans.

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