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Stock impact report

Here's Why Alder Biopharmaceuticals Is Rising Today [The Motley Fool]

ALDER BIOPHARMACEUTICALS INC (ALDR) 
Last alder biopharmaceuticals inc earnings: 8/6 04:07 pm Check Earnings Report
US:NASDAQ Investor Relations: investor.alderbio.com/node/5806
Company Research Source: The Motley Fool
Traders cheer after a rival drug maker decides to partially scrap a late-stage study. Here's what investors need to know. Brian Feroldi ( TMFTypeoh ) Jun 15, 2018 at 4:45PM What happened Shares of Alder Biopharmaceuticals ( NASDAQ:ALDR ) , a clinical-stage biotech focused on migraines, rose as much as 14% in afternoon trading on Friday. The jump was in response to the news that Teva Pharmaceutical Industries ( NYSE:TEVA ) is scrapping part of a late-stage study of a potential rival to Alder's lead compound eptinezumab. Alder's stock has since cooled off, but was still up about 6% as of 3:58 p.m. EDT. So what Teva had been funding a phase 3 clinical trial called Enforce, designed to study a compound called fremanezumab as a treatment for chronic cluster headache and episodic cluster headache. The study was also designed to capture long-ter Show less Read more
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