Longboard Pharmaceuticals shares are trading higher after the company announced topline data from the PACIFIC Study evaluating bexicaserin in patients with Developmental and Epileptic Encephalopathies.
Portfolio Pulse from Benzinga Newsdesk
Longboard Pharmaceuticals announced positive topline data from the PACIFIC Study evaluating bexicaserin in patients with Developmental and Epileptic Encephalopathies, causing its shares to trade higher.

January 02, 2024 | 2:07 pm
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POSITIVE IMPACT
Longboard Pharmaceuticals' shares are up following the announcement of positive topline data from their PACIFIC Study on bexicaserin for Developmental and Epileptic Encephalopathies.
The positive topline data from the PACIFIC Study is directly related to Longboard Pharmaceuticals' potential future revenues and market position. Such clinical milestones are critical for biotech companies and can significantly influence investor sentiment and stock price. Given the nature of the news and the market's typical reaction to positive clinical trial results, a short-term increase in stock price is likely.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100