Celsus Therapeutics skin cream fails study

February 17, 2015 3:57 PM

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(Reuters) - British drugmaker Celsus Therapeutics Plc's stock plunged as much as 83 percent after the company's skin cream failed the main goal of a mid-stage study.

Celsus chief executive Gur Roshwalb said he was "surprised" by the number of patients who responded to a placebo.

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