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EPIX Pharmaceuticals Announces Discontinuation of PRX-00023 Clinical Development Program

Published in Mental Health Law Weekly, April 5th, 2008

EPIX Pharmaceuticals (NASDAQ: EPIX) announced that the company is discontinuing clinical development of PRX-00023 due to lack of significant efficacy shown in the recently completed Phase 2b trial in patients with major depressive disorder (MDD).

"While PRX-00023 continued to show a highly desirable safety and tolerability profile, we are disappointed in the overall results observed in our recently completed Phase 2b trial in major depressive disorder," stated Michael G. Kauffman, M.D., Ph.D., chief executive officer of EPIX. "In light of these results, we have made the strategic decision to discontinue further development of this product candidate."

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