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Targacept Inc

Latest Headlines

Latest Headlines

Targacept management acknowledges layoffs are possible

Targacept has endured a lot lately with the failure of the last two of four Phase III studies of a depression compound on which it was partnered with AstraZeneca ( $AZN ).

Key antidepressant from AZ/Targacept fails trial

The high-profile depression drug TC-5214 has failed the first in a string of Phase III studies, dealing AstraZeneca's ( $AZN ) struggling R&D operation another stinging setback and walloping

Drug trial news hurts Targacept, not AZ

Following news that Targacept's experimental nicotine drug, AZD3480, was ineffective in schizophrenia patients, AstraZeneca shares fell more than 1 percent yesterday, but Targacept shares dropped