Avanir shares jump 85% on positive AVP-923 clinical trial results
US CNS specialist Avanir Pharmaceuticals (Nasdaq: AVNR) has announced positive results from the Phase II clinical trial of its experimental therapy AVP-923 (dextromethorphan/quinidine), prompting its share price to leap 85%. to $12.49 in post-market trading yesterday.
The drug met its primary endpoint of significantly reducing agitation in patients with Alzheimer’s disease versus placebo. Avanir now plans to request meetings with the US Food and Drug Administration and the European Medicines Agency based on the results, to discuss the advancement of its dextromethorphan programs to pivotal studies.
A breakthrough for Alzheimer's?
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