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"Any significant delay [as has already occurred to CDP 571] could result in a significant fall in share price".
The failure of CDP 570 follows a string of disappointing late stage trial results for Crohn's disease therapies.
"The Liberal party is preferencing the CDP 2 and Family First 3 in the Senate in NSW.
CDP 870 is expected to enter a class of rheumatoid arthritis treatments forecast to be worth $3bn£1.9bnby) by 2006.
According to data from the environmental non-profit CDP, 77% of the largest 500 companies in the world say they use trade associations to lobby on climate policy.
For example, Delta is offering up to 20percentt off with the discount code CDP 165385, and double miles on Hertz rentals in the United States (including Puerto Rico and Canadaa.
Celltech's CDP 870 development partner Pfizer has already started advanced patient trials to discover whether the drug is effective in the treatment of rheumatoid arthritis.
The drop includes one-off costs of £18.8m, relating mainly to the cost of writing off CDP 570 and of cutting about 200 jobs, primarily among the group's US sales force.
New chief executive Goran Ando yesterday said he had dismissed proposals for the drug - called CDP 571 - to be put through further trials in the hope that it could eventually be used to target specific patient groups.
The British biotechnology company Celltech Group said that it would retain the full rights to an antibody treatment, CDP 870, after refusing to renegotiate terms of a 2001 agreement with Pfizer.
Jeffrey Holford, an analyst at Citigroup, said: "The majority of Celltech's future growth prospects and valuation resides in its ability to develop and commercialise new biotech drugs, [with] CDP 870 remaining the key long-term growth driver.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com