Neurocrine leaps on positive Phase III date for NBI-98854

8 October 2015

US biotech firm Neurocrine Biosciences (Nasdaq: NBIX) says that NBI-98854, a highly selective small molecule VMAT2 inhibitor, showed a statistically significant reduction in tardive dyskinesia during the six weeks of placebo-controlled treatment in the Kinect 3 clinical trial.

This Phase III trial included moderate to severe tardive dyskinesia patients with underlying schizophrenia, schizoaffective disorder, bipolar or major depressive disorder.

In early trading on Thursday, the firm’s shares were up 15.3% at $44.90. The stock has a consensus analyst price target of $66.75, according to 24/7 Wall St.

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