Axsome rise continues on drug's 'rapid antidepressant effect'

8 January 2019

Shares in US biotech Axsome Therapeutics (Nasdaq: AXSM) were four times higher by Tuesday mid-morning than they were at the close on Friday.

This astronomical rise was caused by the publication of data on Axsome’s AXS-05 (45mg dextromethorphan/105mg bupropion) in a Phase II study which achieved its primary endpoint in major depressive disorder (MDD).

"These data suggest that AXS-05 has important biological activity"

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