Teva's hopes for new Austedo indication dealt a blow
Israeli drugmaker Teva Pharmaceutical Industries (NYSE: TEVA) was down by nearly 3% in pre-market trading in New York on Thursday morning.
The company had just announced that the Phase II/III ARTISTS 1 and Phase III ARTISTS 2 trials comparing deutetrabenazine with placebo for the treatment of tics in pediatric patients with moderate to severe Tourette Syndrome failed to meet the primary endpoint.
Deutetrabenazine has previously been approved in the USA under the name Austedo for the treatment of chorea associated with Huntington’s disease, and for tardive dyskinesia.
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