Denmark-based CNS specialist Lundbeck (LUND: CO) suffered a 14% drop in its share price on Friday morning after announcing that a Phase III study of idalopirdine for the symptomatic treatment of patients with mild to moderate Alzheimer's disease had failed to meet its endpoint.
In the Starshine study, idalopirdine showed a weak efficacy profile, as neither of the two dosages used met the primary endpoint of a reduction in the Alzheimer's disease assessment scale-cognitive subscale total score, when added to donepezil.
In addition, the secondary endpoints also did not show separation from placebo. The overall safety profile for idalopirdine showed that it was safe and well tolerated. Further analysis of the data is ongoing.
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