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ZIOPHARM Oncology Inc Cancer Drug Fails Late-Stage Trial-Reuters

Tuesday, 26 Mar 2013 01:29pm EDT 

Reuters reported that ZIOPHARM Oncology Inc said it will stop developing its drug to treat soft tissue sarcoma after it failed to improve patient survival by keeping the cancer from worsening. The drug, palifosfamide, was being tested in a late-stage trial called Picasso 3 as a treatment for metastatic soft tissue sarcoma - a type of cancer of the bone, cartilage, fat or muscles. 

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