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Stock impact report

Axovant Tumbles On Failed Drug, But Was Never Part Of The Game Plan [Seeking Alpha]

Axon Enterprise, Inc. (AXON) 
Last axon enterprise, inc. earnings: 2/7 04:15 pm Check Earnings Report
Company Research Source: Seeking Alpha
Summary Axovant Sciences announced that the phase 2 study using nelotanserin to treat patients with REM sleep behavior disorder has failed to meet on the primary endpoint. Based on the phase 2 failure with nelotanserin, Axovant has chosen to completely stop the entire development pathway for this program. The main focus in Axovant as of 2018 has been the newly funded licensed gene therapy products, some of which include AXO-Lenti-PD and AXO-AAV-OPMD. Results from the phase 2 study using AXO-Lenti-PD to treat patients with Parkinson's disease is expected to be read out by March of 2019. Another study using another kind of gene therapy, known as AXO-AAV-OPMD, is expected to be initiated by the second half of 2019. Recently, Axovant Sciences ( AXON ) announced that it had failed a phase 2 trial using a licensed drug known as nelotanserin to treat patients in a phase 2 study with REM sleep behavior disorder. The primary endpoint of this study was not met, and the bio Show less Read more
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