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Montco biopharm firm's stock slips following unfavorable drug study results

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Trevena Inc. said one of its lead new drug candidates, an experimental treatment for acute heart failure, failed to generate desired results in mid-stage clinical testing. The disappointing study results caused the King of Prussia, Pa., company’s stock to close down 7.33 percent to $6.32 per share. Trevena (NASDAQ: TRVN) officials said the company expects to focus its efforts going forward on oliceridine, a pain medicine in late-stage clinical testing, and on other new drug candidates in earlier-stage…

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