Shire plc (SHPGY) announced results of the PREVENT2 trial Friday morning, a phase 3 study of once-daily SPD476, MMX mesalamine in patients with a history of diverticulitis. The study did not meet the primary endpoint in reducing the rate of recurrence of diverticulitis over a 2-year treatment period. SPD476, MMX mesalamine also did not show a significant difference compared to placebo on the key secondary endpoint of the study.
Shire gapped open sharply lower Friday and has continued to decline on above average volume. The stock is now down 5.09 at $96.64 and has fallen to over a 2-month low. Shire has also dropped below its 200-day moving average.
For comments and feedback contact: editorial@rttnews.com
Business News
June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.