Phase III HIV trial results send Canadian biotech soaring
A Canadian biotech company closed nearly 8% up on Thursday at C$3.35 on the back of Phase III results on ibalizumab in patients with multi-drug resistant (MDR) HIV-1.
Theratechnologies (TSX: TH) announced that it had been notified by its partner, the Taiwanese biotechnology firm TaiMed Biologics (4147: TT), of the preliminary results for the safety and efficacy secondary endpoints of the 24-week Phase III trial.
The findings show that ibalizumab maintains significant reduction of viral load in patients with MDR HIV-1 over 24 weeks.
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