Immunovant's Clinical Trial Reveals Potential of IMVT-1402: Consistent IgG Reduction and Favorable Safety Data in Phase 1 Study
Portfolio Pulse from Benzinga Newsdesk
Immunovant, Inc. (NASDAQ:IMVT) announced positive results from a Phase 1 clinical trial of IMVT-1402, a potential treatment for autoimmune diseases. The trial showed dose-dependent reductions in IgG in healthy adults, with no dose-related changes in serum albumin or LDL-C. The company also released initial results for the 300 mg cohort of the MAD study ahead of schedule, showing a mean total IgG reduction from baseline of 63%.
September 26, 2023 | 10:02 am
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Immunovant's positive Phase 1 clinical trial results for IMVT-1402 could boost investor confidence in the company's potential to develop effective treatments for autoimmune diseases.
The positive results from the Phase 1 clinical trial of IMVT-1402 indicate that the drug has potential as a treatment for autoimmune diseases. This could increase investor confidence in Immunovant's ability to develop effective treatments, potentially leading to an increase in the company's stock price in the short term.
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