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Novartis pipeline setback adds second in a week, Market Talk says

Novartis suffered a second major pipeline setback in a week after acquired drug candidate del-desiran failed in a late-stage study, according to a Vontobel research note cited by Stefan Schneider.

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Novartis just suffered its second major pipeline setback in the past week after a drug candidate it acquired through its recent $12 billion Avidity Biosciences deal failed in a late-stage study, Vontobel's Stefan Schneider says in a research note. News that experimental drug del-desiran missed the…