Aclaris Therapeutics
reported mixed results for its JAK inhibitorJAK inhibitor in a
Phase IIb eczema
study
. The biotech seeks a partner for next steps. Aclaris announced Wednesday that at four weeks, its JAK 1/3 inhibitor ATI-1777 significantly reduced scores from baseline on a measure of eczema severity compared to placebo in patients who received the treatment twice daily. However, in those who received the treatment once a day, ATI-1777 failed to hit statistical significance. Aclaris’ shares
$ACRS
dropped about 25% Wednesday morning to below $1. Aclaris’ share value has fallen nearly 95% over the past year after a series of clinical trial fails, and in December, the biotech
laid off just under half of its staff
. —
Lei Lei Wu