Circassia's Harris Deeply Frustrated By Phase III Cat Allergy Flop

 
• By John Davis
  
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The UK biotech’s potential revolutionary approach to allergies has failed to achieve its primary endpoint in a Phase III study, halting much of its research in the allergy area and casting a shadow over UK innovation.

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Circassia Pharmaceuticals PLC’s cat allergy product, Cat-SPIRE, has failed to reach its primary endpoint in a pivotal Phase III study, disappointing investors who saw the company’s share price fall by more than 60% on June 20, the day of the announcement, and casting a pall over the UK biotech sector that had heralded the potential of the Oxford-based company.

The cat allergy vaccine was the company’s lead product and Circassia has been strongly backed by leading European biotech-focused investors...

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