Swiss biotech firm Idorsia (SIX: IDIA) has released positive results for the comprehensive Phase II program with the dual orexin receptor antagonist ACT-541468 (DORA) in insomnia, with zolpidem as an active reference.
The program comprised two placebo-controlled dose-response studies to evaluate the safety and efficacy of ACT-541468 in adult and elderly patients with insomnia, with a total of 418 patients participating in the trials.
Idorsia’s shares rose 9.15% to 17.90 Swiss francs on Friday following the announcement. The company is the spin-out from Actelion following the $30 billion acquisition of the Swiss biotech major by Johnson & Johnson which debuted on June 16 at 10 francs a share, and on the first day of trading reached 13 francs.
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