Why Is Neurocrine Biosciences Shares Trading Higher Today?
Portfolio Pulse from Vandana Singh
Neurocrine Biosciences Inc (NBIX) released positive topline data from the Phase 3 CAHtalyst Pediatric Study of crinecerfont in children and adolescents with classic congenital adrenal hyperplasia (CAH). The study met its primary endpoint, demonstrating a significant decrease in serum androstenedione from baseline at Week 4 versus placebo. Approximately 30% of participants receiving crinecerfont achieved a reduction to a physiologic GC dose while maintaining androgen control compared to 0% of participants receiving a placebo. NBIX shares are up 3.74% at $114.83.
October 05, 2023 | 6:38 pm
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POSITIVE IMPACT
Neurocrine Biosciences' positive Phase 3 study results for crinecerfont have led to a 3.74% increase in the company's stock price.
The positive results from the Phase 3 study of crinecerfont in children with CAH have increased investor confidence in Neurocrine Biosciences, leading to a rise in the company's stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100