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Actelion Ltd., of Allschwil, Switzerland, reported initial positive results from a dose-optimization study evaluating Veletri (tezosentan), an intravenous dual endothelin receptor antagonist, in patients suffering from acute heart failure. Hemodynamic effects were achieved at doses of 5 mg/h and 25 mg/h. The primary endpoint of the study, improvement of cardiac index, was statistically significant for both doses. Data also showed a reduction of pulmonary capillary wedge pressure. The company said it will proceed with a Phase III study based on the results.

Aviva Biosciences Corp., of San Diego, appointed Norrie Russell president and CEO. Russell succeeds Peter ...

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