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Novartis stops work on gene therapy acquired in Gyroscope deal

September 11, 2023

Novartis has stopped work on a gene therapy candidate it acquired a little under two years ago, according to an investor in the company the Swiss drugmaker bought.

The decision to discontinue research follows a recommendation from a data monitoring committee overseeing testing of the therapy, known as GT005 and for the eye condition geographic atrophy. After reviewing available data, including from a Phase 2 study, the group concluded development shouldn’t move forward.

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