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Stock impact report

Why Achillion Pharmaceuticals Stock Jumped Today [The Motley Fool]

ACHISON INC A (ACHN) 
Last achison inc a earnings: 11/7 07:30 am Check Earnings Report
US:NASDAQ Investor Relations: ir.achillion.com/investor-relations
Company Research Source: The Motley Fool
Why Achillion Pharmaceuticals Stock Jumped Today Great results from an early-stage clinical study provided a big boost to this small biotech. Shares of Achillion Pharmaceuticals ( NASDAQ:ACHN ) are jumping today, up 13.2% as of 3:07 p.m. EDT, after the biotech announced positive results from a phase 1 clinical study evaluating experimental oral factor D inhibitor ACH-5228. You might wonder why Achillion stock would jump so much on data from a phase 1 study. The answer is that the results were really that good. ACH-5228 was given to 43 patients who received oral doses of the drug ranging from 40 mg to 200 mg twice each day for 14 days. There was also a single-dose cohort of 240 mg. At dosages of at least 120 mg twice per day, ACH-5228 demonstrated near complete and sustained alternative pathway (AP) inhibition with a mean value of greater than 95% at steady-state concentrations. The alternative pathway is a key component of the immune system. What all of this means is that ACH-5228 ap Show less Read more
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