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Stock impact report

Axsome Therapeutics shares soar 12% premarket on positive trial of Alzheimer's therapy [MarketWatch]

Axsome Therapeutics, Inc. (AXSM) 
Last axsome therapeutics, inc. earnings: 3/12 07:00 am Check Earnings Report
US:NASDAQ Investor Relations: axsome.com
Company Research Source: MarketWatch
Axsome Therapeutics shares soar 12% premarket on positive trial of Alzheimer's therapy Shares of Axsome Therapeutics Inc. AXSM, -4.53% surged about 12% premarket Monday, after the biotech, which specializes in therapies for central nervous system disorders, reported positive results in an interim analysis of a trial of a treatment for the agitation associated with Alzheimer's disease. An independent data monitoring committee (IDMC) recommended continuing the Phase 1/2 trial of AXS-05 and did not indicate any safety concerns. The company intends to follow the committee's recommendation. "We anticipate that implementation of the IDMC's recommendations may provide greater flexibility to our operating plans and timelines which we will evaluate in the coming weeks," Chief Executive Herriot Tabuteau said in a statement. Roughly 70% of Alzheimer's patients suffer from agitation, which can be highly upsetting for patients and caregivers. There is currently no approved treatment for the con Show less Read more
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