Heron leaps on strong results for anesthetic product

20 March 2018

Shares of US biotech firm Heron Therapeutics (Nasdaq: HRTX) climbed 32% to $28.50 in early US trading Monday after it released new data on an anesthetic used for patients undergoing bunionectomy and hernia repair.

Heron announced positive top-line results from its completed Phase III studies of the investigational agent HTX-011 in subjects undergoing bunionectomy (Study 301/EPOCH1) and hernia repair (Study 302/EPOCH2). HTX-011 achieved all primary and key secondary endpoints in both Phase III trials, demonstrating statistically significant reductions in both pain intensity and the use of opioid rescue medications through 72 hours following surgery.

“With today’s results, HTX-011 is the only locally administered anesthetic to demonstrate superior pain relief and a reduction in opioid use as compared to not only placebo, but also the current standard-of-care, bupivacaine solution, in Phase III studies,” said Barry Quart, chief executive of Heron Therapeutics.

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