Roivant Sciences shares drop as lupus trial misses goal
Roivant Sciences’ (Nasdaq: ROIV) shares fell 4.7% to $8.70 in early morning trading yesterday, after it announced the Phase II study evaluating oral brepocitinib in adult patients with moderate to severe active lupus did not meet its primary endpoint of systemic lupus erythematosus responder index change of 4 (SRI-4) at Week 52. Priovant plans to disclose the study data at a future date.
Priovant to continue development
Priovant Therapeutics, which has brepocitinib's global development rights and USA and Japan commercial rights, said it plans to continue progressing the program in indications outside SLE.
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