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CIT files for bankruptcy

November 2, 2009 – 12:54 pm – No Comment
CIT files for bankruptcy

It has been teetering on the edge for a few months now, but yesterday CIT made it official when it filed for bankruptcy protection. The decision to file for bankruptcy was approved by the creditors of the company along with the board of directors. At …

Infinity Pharmaceuticals stops IPI-504 GIST drug testing

April 16, 2009 – 6:59 pm – No Comment

Infinity Pharmaceuticals has been testing out a drug called IPI-504 which is supposed to treat refractory gastrointestinal stromal tumors or GIST for short. Today the trials were abruptly called off after data showed that more patients were dying while taking the drug than Infinity was …