Allergan's loss may be J&J's gain as Spravato rival hits roadblock

7 March 2019

While Johnson & Johnson (NYSE: JNJ) celebrates success with its novel depression therapy Spravato (esketamine), hopes for Allergan’s (NYSE: AGN) innovative option rapastinel were struck a blow on Wednesday.

The firm had hoped to rival Spravato with a better safety profile, but negative results from three pivotal studies show the candidate is lacking in efficacy.

Shares in Allergan fell by 2.5% in post-market trading Wednesday, but recovered to $144.20 today.

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