financetom
Business
financetom
/
Business
/
Biogen, UCB Say Autoimmune Disease Drug Candidate Met Enpoint in Phase 3 Trial
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Biogen, UCB Say Autoimmune Disease Drug Candidate Met Enpoint in Phase 3 Trial
Oct 3, 2024 12:50 AM

04:06 AM EDT, 09/24/2024 (MT Newswires) -- Biogen (BIIB) and its collaboration partner UCB said Tuesday that a phase 3 trial of dapirolizumab pegol, intended for the treatment of patients with moderate-to-severe systemic lupus erythematosus, met its primary endpoint.

The study demonstrated clinical improvement in moderate-to-severe disease activity and showed a drug safety profile, consistent with prior studies, the companies said.

Biogen and UCB plan to start a second phase 3 trial of the drug candidate this year.

Systemic lupus erythematosus is a chronic, multifactorial autoimmune disease that can affect multiple organ systems.

Price: 196.00, Change: +0.19, Percent Change: +0.10

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Market Chatter: Blackstone Taps Banks for $3.64 Financing in AirTrunk Buyout
Market Chatter: Blackstone Taps Banks for $3.64 Financing in AirTrunk Buyout
Oct 27, 2024
12:19 PM EDT, 10/25/2024 (MT Newswires) -- Blackstone (BX) is securing 5.5 billion Australian dollars ($3.64 billion) in financing from banks, including Citigroup, DBS Group, and Deutsche Bank, for its proposed acquisition of AirTrunk, sidelining private credit funds that were earlier considered, Bloomberg reported Friday, citing people familiar with the matter. The funding package will include a term loan and...
Gentex's Q3 Performance Defies Auto Industry Headwinds, Trims 2024 Outlook
Gentex's Q3 Performance Defies Auto Industry Headwinds, Trims 2024 Outlook
Oct 27, 2024
Fire protection company Gentex Corporation ( GNTX ) shares are trading higher after the company reported third-quarter earnings per share of 53 cents, beating the street view of 49 cents. Quarterly revenues of $608.53 million, beating the analyst consensus of $592.14 million. For the third quarter, the gross margin was 33.5% versus 33.2% a year ago due to the higher...
Market Chatter: Boeing Considers Sale of Space Business
Market Chatter: Boeing Considers Sale of Space Business
Oct 27, 2024
01:04 PM EDT, 10/25/2024 (MT Newswires) -- Boeing ( BA ) is considering selling its space business, including the Starliner space vehicle and operations that support the International Space Station, the Wall Street Journal reported Friday. The effort is at an early stage and may not result in a deal, the report said, citing people familiar with the matter. The...
Norway's wealth fund falls short on climate ambitions, NGO says
Norway's wealth fund falls short on climate ambitions, NGO says
Oct 28, 2024
OSLO, Oct 28 (Reuters) - The world's largest sovereign wealth fund is falling short on its own climate expectations by failing to vote in support of key shareholder resolutions during this year's AGM season, a non-governmental organisation said on Monday. The $1.8 trillion fund pools the Nordic state's revenue from oil and gas production. Since 2022 it aims for the...
Copyright 2023-2026 - www.financetom.com All Rights Reserved