Alkermes leaps on positive Ph III results for aripiprazole lauroxil for schizophrenia
US biotech firm Alkermes (Nasdaq: ALKS) saw its shares spike on Tuesday, after it announced positive top-line results from a randomized, double-blind, placebo-controlled Phase III clinical trial of aripiprazole lauroxil in patients with schizophrenia. Although the shares closed up just 2.4% at $42.08, they rose to $45.48 earlier in the day.
Patients treated once monthly with either 441mg or 882mg of aripiprazole lauroxil demonstrated statistically significant reductions from baseline in Positive and Negative Syndrome Scale (PANSS) total scores at week 12, compared to placebo (p<0.001 aripiprazole lauroxil 441mg, p<0.001 aripiprazole lauroxil 882mg), which was the pre-specified primary endpoint in the study.
Regulatory filing planned for third quarter
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