#Amylyx They're "surprised" by the results? I call bullshit. The results from Phase II, that they relied on for the original approval through a questionable process, were shaky at best and the rule in pharma is that the results _never_ get better in later trials.

https://www.amylyx.com/news/amylyx-pharmaceuticals-announces-topline-results-from-global-phase-3-phoenix-trial-of-amx0035-in-als

Amylyx Pharmaceuticals Announces Topline Results From Global Phase 3 PHOENIX Trial of AMX0035 in ALS

- PHOENIX Study Did Not Meet Prespecified Primary or Secondary Endpoints - Data From 664-Participant Study Reinforce That AMX0035 is Generally Safe and Well-Tolerated - Within the Next Eight Weeks, Amylyx Will Continue to Engage With Regulatory Authorities and the ALS Community to Share Topline Data; Amylyx Will Share Plans for RELYVRIO/ALBRIOZA in ALS Which May Include Voluntarily Withdrawing RELYVRIO/ALBRIOZA From the Market - At This Time, RELYVRIO/ALBRIOZA Will Continue to be Available for People Living With ALS; Amylyx Has Voluntarily Decided to Pause Promotion; Related Patient Support Services Will Remain in Place - Studies With AMX0035 in Wolfram Syndrome (WS) and Progressive Supranuclear Palsy (PSP) to Continue Based on Data Supporting its Potential in These Diseases - Amylyx to Host Investor Conference Call Today, March 8, at 8:00 a.m. ET Amylyx Pharmaceuticals, Inc. (NASDAQ: AMLX) (“Amylyx” or the “Company”) today announced topline results from PHOENIX, a global, 48-week,

Amylyx
Amylyx to pull ALS drug Relyvrio From US, Canada markets after phase III fail—FTC seeks more information on Boston Scientific's $3.7 bln Axonics deal—Novo Nordisk pushes back after price gouging accusations by Bernie Sanders--http://bit.ly/w28kSd #als #amylyx #relyvrio #ftc #bostonscientific #novonordisk #berniesanders #drugpricing #pharma #pharmanews #biotech #biopharma #biotechnology #cafepharma
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#Amylyx stock price charts on #NASDAQ
explain how one of these speculative bubbles is ballooned in response to a new therapy thanks to #VentureCapital
After the fiasco, listed company fell by 80% in days to be worth uS$ 200 million
In coming days it will drop by half.
Amylyx Pharmaceuticals is a #BioTech #SpinOff of #BrownUniversity -#Providence,#RhodeIsland,USA
that raised uS$ 2.2 million in 2022 from the #ALS Association
through the Ice Bucket Challenge
- it went viral in 2014 -
In 2022 Jan #Amylyx goes public and in Nov. now failed #Relyvrio was approved by US Food and Drugs Administration
http://bit.ly/43qnnIj
Biotech company Amylyx emerges from scientific curiosity of Brown undergrads

Biomedical engineering alumnus Josh Cohen ’14 partnered with Justin Klee ’13 eight years ago to build a company dedicated to the development of therapeutics for the treatment of neurodegenerative disorders.

Engineering | Brown University
http://bit.ly/490a7eA
Months ago I was writing about scientific fraud, #BioPharma,new #Drugs and #VentureCapital It is only part of huge #Fraud and #Quackery
Today it is published that in clinical trial, #Relyvrio
of #Amylyx Pharmaceutical, a therapy against amyotrophic lateral sclerosis does not work
Failure of ALS drug puts a spotlight on controversial FDA approvals

A large clinical trial found that Amylyx Pharmaceuticals’ drug to treat ALS doesn’t work, raising questions about the FDA’s process for approving it.

The Washington Post