Sun Pharma Advanced Research Co. Ltd.’s (SPARC) baclofen GRS for the treatment of spasticity in patients with multiple sclerosis has failed to meet its primary endpoint in placebo controlled studies in the US, casting a shadow on the firm’s short-term outlook. SPARC is the listed spin-off R&D arm of India’s top-ranked pharma company, Sun Pharmaceutical Industries Ltd..
SPARC’s management admitted that the study outcome would impact the firm’s ability to “prosecute its clinical agenda fully”, but underscored that the company intends to “stay the course” on its portfolio