XenoPort Inc.(XNPT), a bio pharmaceutical company Monday said it was dropping all plans to develop arbaclofen placarbil or AP for the treatment of patients with spasticity due to multiple sclerosis. This is in the wake of unsuccessful late-stage trial that did not provide significant improvement in patients relative to placebo in the co-primary endpoints of the study.
Ronald Barrett, chief executive officer, said "We are obviously disappointed that the co-primary efficacy endpoints were not met. Based on the results of the study, we have decided to terminate further investment in this program. We will be working diligently to shut down all activities related to AP development…"
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.