UPDATE: Myovant stock rockets 79% premarket on news of positive trial of prostate cancer treatment [MarketWatch]
Myovant Sciences Ltd. Common Shares (MYOV)
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Source: MarketWatch
UPDATE: Myovant stock rockets 79% premarket on news of positive trial of prostate cancer treatment Myovant Sciences Ltd. shares MYOV, +126.40% soared 79% in premarket trade Tuesday, after the healthcare company said a late-stage trial of a treatment for advanced prostate cancer achieved a 97% response rate. Basel, Switzerland-based Myovant said its phase 3 trial dubbed Hero of oral relugolix met its primary endpoint as well as all six key secondary endpoints. The company is planning to submit a new drug application to the U.S. Food and Drug Administration in the second quarter of 2020 and will pursue regulatory approvals in Europe and Japan. In the analysis of the primary endpoint, 97% of men receiving the drug once daily achieved sustained testosterone suppression, the company said. Shares have fallen 63.0% in 2019 through Monday, while the S&P 500 SPX, +0.04% has gained 24.5%.
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