Aevi in freefall following ADHD failure

4 January 2019

Shares in US biotech Aevi Genomic Medicine (Nasdaq: GNMX) closed 75% down after a disastrous day’s trading on Thursday.

The cause of the investor desertion was the failure of the company’s Phase II trial of AEVI-001 in children with attention deficit hyperactivity disorder (ADHD).

In both parts of the trial, AEVI-001 failed to show statistical significance on the primary endpoint of a reduction of the ADHD-rating scale compared to placebo.

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