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Our view: Setbacks are costly but biotech industry copes

By and   /   Friday, July 19th, 2019  /   Comments Off on Our view: Setbacks are costly but biotech industry copes

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Amid a boom in the biotech industry in the Conejo Valley, comes a reminder that drug discovery is expensive and not risk-free. On July 11, Thousand Oaks-based Amgen and partners Novartis, another pharmaceuticals giant, and the Banner Alzheimer’s Institute abruptly halted clinical trials for CNP520, a drug that had shown promise for the prevention of…

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