Biotech Values

[DewDiligence]

ABBV—(-11%)—reports phase-2 failures_of Emraclidine in schizophrenia

https://finance.yahoo.com/news/abbvie-provides-phase-2-results-133000842.html

AbbVie today announced that its two Phase 2 EMPOWER trials investigating emraclidine as a once-daily, oral monotherapy treatment for adults with schizophrenia who are experiencing an acute exacerbation of psychotic symptoms, did not meet their primary endpoint of showing a statistically significant reduction (improvement) in the change from baseline in the Positive and Negative Syndrome Scale (PANSS) total score compared to the placebo group at week 6.

ABBV acquired Emraclidine in the $8.7B buyout of Cerevel Therapeutics in Dec 2023 (#msg-173374544).