Your Daily Pharma Scoop: Gemphire Zooms, Trevena Succeeds, Arsanis Falters [Seeking Alpha]
GEMPHIRE THERAPEUTICS INC COMMON (GEMP)
Last gemphire therapeutics inc common earnings: 5/9 04:02 pm
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US:NASDAQ Investor Relations:
ir.gemphire.com
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Source: Seeking Alpha
Summary Stocks in News: GEMP, TRVN Gemphire Therapeutics +58% after meets primary endpoint Discussion : Gemphire Therapeutics’ ( GEMP ) candidate Gemcabene met its Phase 2b primary endpoint in hypertriglyceridemia patients. The company reported significant reduction of up to 47% in patients against 27% for placebo-treated group. This drug candidate is the first oral therapy targeted at ~3.5M patients in the U.S. whose LDL-C or triglyceride level needs to be brought down to avoid further risk of developing acute pancreatitis. Following the announcement, the company’s share price almost doubled in yesterday’s morning trade itself. In spite of the apparently massive surge of 58% ( now 97%), the stock has reached only halfway mark of its 52-wk range. Additionally, the drug also showed a solid safety and tolerability profile and could be safely used as a drug combination. The candidate’s method matent in Severe Hypertriglyceridemia (‘SHTG) is valid until 2032. Various li
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