Trial failure blows hole in Bionomics share price

3 October 2018

Shares in Australian biotech firm Bionomics (ASX: BNO) crashed on Tuesday, dropping more than 60% after the firm released disappointing top-line data from a Phase II study of BNC210.

The firm is developing BNC210, a molecule which affects a certain receptor in the brain, as a possible therapy for people with post traumatic stress disorder (PTSD).

While the compound was well tolerated, with a positive safety profile, the trial did not meet its primary endpoint, failing to demonstrate efficacy.

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