Mongersen drug was bought by Celgene for $710 million four years ago. Yesterday, Celgene announced that Mongersen had failed and it is going to halt the trials. But to SEC they have given the details of the financial impact in connection with the decision of stopping these trials...
Celgene to stop the two trials for Crohn's disease and will not start the third trial as per the recommendation from Data Monitoring Committee. http://alph.st/b5c024f0