financetom
Business
financetom
/
Business
/
Johnson & Johnson-Partnered Addex Therapeutics' Epilepsy Candidate Fails Mid-Stage Study, Stock Tanks
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Johnson & Johnson-Partnered Addex Therapeutics' Epilepsy Candidate Fails Mid-Stage Study, Stock Tanks
Apr 29, 2024 8:19 AM

Monday, Addex Therapeutics ( ADXN ) released top-line data from a Phase 2 epilepsy study evaluating adjunctive ADX71149 (JNJ-40411813) administration in patients with focal onset seizures with suboptimal response to levetiracetam or brivaracetam. 

The company is collaborating with Johnson & Johnson’s  Janssen Pharmaceuticals Inc.

The Phase 2 study did not achieve statistical significance for the primary endpoint of time for patients to reach baseline seizure count when ADX71149 was added to the standard of care.

“While disappointed that the Phase 2 ADX71149 epilepsy study did not meet the primary endpoint, we are still analyzing the data,” said Roger Mills, Chief Medical Officer of Addex. 

“We will provide details on data from the full study when this analysis is completed and will work with our partner to determine the next steps for the ADX71149 program,” Mills added.

The data were reported from a total of 110 evaluable patients, who each received either 50 mg or 100 mg of ADX71149 twice daily (100 mg or 200mg twice daily, respectively, for patients receiving CYP3A4 inducing anti-seizure medication) in addition to their standard dose of levetiracetam or brivaracetam and up to three other anti-seizure drugs. 

Adjunctive administration of ADX71149 was safe and well tolerated.

“While this is disappointing news for us and our partner, Janssen, we remain focused on advancing the rest of our portfolio of allosteric modulator programs toward clinical studies,” said Tim Dyer, CEO of Addex. “In particular, we are making great progress in our GABAB PAM collaboration with Indivior, which is on track to select drug candidates for IND enabling studies in June this year for substance use disorder and chronic cough programs.”

Price Action: ADXN shares are down 50.4% at $7.99 at the last check Monday.

PublicDomainPictures from Pixabay

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 >
Walmart Nominates Chipotle CEO Brian Niccol to Board as Rob Walton Steps Down
Walmart Nominates Chipotle CEO Brian Niccol to Board as Rob Walton Steps Down
Apr 26, 2024
09:07 AM EDT, 04/26/2024 (MT Newswires) -- Walmart ( WMT ) has nominated Chipotle (CMG) Chief Executive Brian Niccol to serve on its board as an independent director, the company said in its annual report proxy statement on Friday. Rob Walton, son of Walmart ( WMT ) founder Sam Walton, will retire from the board, effective June 5, the company...
Micron Technology Insider Sold Shares Worth $783,540, According to a Recent SEC Filing
Micron Technology Insider Sold Shares Worth $783,540, According to a Recent SEC Filing
Apr 26, 2024
09:12 AM EDT, 04/26/2024 (MT Newswires) -- Sanjay Mehrotra, Director, CEO and President, on April 23, 2024, sold 7,000 shares in Micron Technology ( MU ) for $783,540. Following the Form 4 filing with the SEC, Sanjay Mehrotra has control over a total of 1,090,678 shares of the company, with 719,049 shares held directly and 371,629 shares controlled indirectly. SEC...
Lifeway Foods Insider Sold Shares Worth $741,057, According to a Recent SEC Filing
Lifeway Foods Insider Sold Shares Worth $741,057, According to a Recent SEC Filing
Apr 26, 2024
09:01 AM EDT, 04/26/2024 (MT Newswires) -- Ludmila Smolyansky, Member of 10% owner group, around April 23, 2024, sold 35,588 shares in Lifeway Foods ( LWAY ) for $741,057. Following the Form 4 filing with the SEC, Smolyansky has control over a total of 1,282,096 shares of the company, with 1,282,096 shares controlled indirectly. SEC Filing: https://www.sec.gov/Archives/edgar/data/814586/000168316824002713/xslF345X03/ownership.xml Price: 21.90, Change:...
Update: Pfizer Receives FDA Approval for Rare Bleeding Disorder Treatment
Update: Pfizer Receives FDA Approval for Rare Bleeding Disorder Treatment
Apr 26, 2024
09:05 AM EDT, 04/26/2024 (MT Newswires) -- (Updates with more details on the approval in the story body.) Pfizer ( PFE ) said Friday that the US Food and Drug Administration has approved Beqvez, its drug that seeks to treat adults with moderate to severe hemophilia B who meet certain requirements. The approval was based on a late-stage study in...
Copyright 2023-2026 - www.financetom.com All Rights Reserved