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Stock impact report

Karuna to advance lead drug into Phase 3 for psychosis in schizophrenia patients [Seeking Alpha]

Karuna Therapeutics, Inc. (KRTX) 
Company Research Source: Seeking Alpha
HealthcareKaruna to advance lead drug into Phase 3 for psychosis in schizophrenia patientsJun. 23, 2020 6:56 AM ET|Karuna Therapeutics, Inc. (KRTX)Douglas W. HouseFresh off a meeting with the FDA, Karuna Therapeutics (NASDAQ:developmentThe agency is on board with one successful late-stage study, along with additional safety data and results from previously generated trials, to support an NDA filing.It plans to launch two five-week trials, the first to launch by year-end. The primary endpoint of the 250-subject first study will be the change in Positive and Negative Syndrome Scale total score at week 5 versus placebo.Details of the second efficacy trial will be finalized in Q4 and should launch in H1 2021.It will also collect long-term open-label safety and tolerability data for up to one year in an outpatient setting.KarXT is an orally available combination of xanomeline (a novel muscarinic receptor agonist) and trospium (a muscarinic receptor antagonist). The company says it has the Show less Read more
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