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Lilly Pulls The Plug On Next-Gen Antipsychotic

This article was originally published in The Pink Sheet Daily

Executive Summary

With one Phase III trial failed and a second halted for futility, Eli Lilly calls it quits on pomaglumetad methionil, a compound the pharma had hoped would succeed blockbuster antipsychotic Zyprexa, marking the end of the road for a pioneering compound in the effort to drug metabotropic glutamate receptors (mGluRs), a promising class for CNS therapies.

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