Zogenix' loss is GW's gain after Phase III result

7 February 2020

Shares in Zogenix (Nasdaq: ZGNX) are trading down almost a third after the firm announced results from a Phase III study of Fintepla (fenfluramine) in people with Lennox-Gastaut syndrome (LGS).

While the study met its primary endpoint, the result was clearly weaker than GW Pharmaceuticals’ (Nasdaq: GWPH) Epidiolex (cannabidiol), in the same indication.

Shares in the rival, UK-based cannabis specialist leapt over 7% in response to the announcement.

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