Adamas value doubles due to Parkinson's dyskinesia drug approval

25 August 2017

Adamas Pharmaceuticals (Nasdaq: ADMS) looked set to open on Friday morning around 55% up on Thursday’s closing price, with its early-morning value at above $22 compared to the previous $14.23.

The reason for the investor frenzy was the Californian biotech firm’s announcement that the US Food and Drug Administration (FDA) had approved Gocovri (amantadine) as the first medicine to treat dyskinesia in patients with Parkinson's disease.

Most patients diagnosed with Parkinson’s are treated with levodopa, use of which often leads to dyskinesia - involuntary movements that are non-rhythmic, purposeless and unpredictable.

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