Alkermes rises on positive ALKS 5461 results

7 January 2015

Shares of Ireland-headquartered biotech firm Alkermes (Nasdaq: ALKS) closed up 2.6% to $60.93, having risen as much as 5% yesterday, after the company has released positive top-line results from the FORWARD-1 study.

This is one of a series of supportive clinical studies in the comprehensive FORWARD Phase III pivotal program for ALKS 5461, a once-daily, oral investigational drug with a novel mechanism of action for the adjunctive treatment of major depressive disorder (MDD).

The FORWARD-1 study was designed to evaluate the safety and tolerability of two titration schedules of ALKS 5461. In addition, the study assessed the efficacy of ALKS 5461 over an eight-week period, compared to baseline, in patients with MDD.

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