Alder shares rise after migraine drug's Phase II trial success

29 March 2016

Alder BioPharmaceuticals (Nasdaq: ALDR) has announced positive top-line results from trials of migraine prevention drug ALD403.

The US drug developer saw its share price rise by around 60% on Monday following the announcement.

It has been conducting clinical trials of the drug, a proprietary monoclonal antibody product candidate for migraine prevention that targets calcitonin gene-related peptide.

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