April 19, 2024

Research

Pharmaceutical Letdown

David Villano | 1/1/2006
Researchers at Boca Raton-based Nabi Biopharmaceuticals (Nasdaq-NABI) believed they hit a home run: A drug that could prevent the 90,000 deaths attributed to hospital-related staph infections each year. But StaphVAX struck out in the critical Phase III trials, sending the company's stock plummeting 70% in one day. Analysts are now pondering the future of the company many considered a biotech bedrock.

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