Eisai and Biogen report rare positive signals from Alzheimer's study
Shares in Japan’s Eisai (TYO: 4523) have rocketed nearly 20% after the firm announced positive Phase II data for its trial of Alzheimer’s candidate BAN2401.
The company is developing the drug together with the USA’s Biogen (Nasdaq: BIIB), as part of an ongoing agreement to collaborate over research in this area.
The positive top-line results come as something of a surprise, as earlier indications, based on Eisai’s in-house developed novel endpoint Alzheimer’s disease Composite Score (ADCOMS), provided little hope for success after a year.
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