Intra-Cellular shares are trading higher after the company announced Lumateperone 42 mg once daily as adjunctive therapy to antidepressants met its primary endpoint.
Portfolio Pulse from Benzinga Newsdesk
Intra-Cellular shares surged following the announcement that Lumateperone 42 mg, as an adjunctive therapy to antidepressants, successfully met its primary endpoint.
April 16, 2024 | 12:56 pm
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POSITIVE IMPACT
Intra-Cellular's stock price is expected to rise in the short term due to the positive outcome of Lumateperone 42 mg as an adjunctive therapy.
The successful meeting of the primary endpoint for Lumateperone 42 mg as an adjunctive therapy to antidepressants is a significant positive development for Intra-Cellular. This outcome is likely to increase investor confidence in the company's pipeline and could lead to increased demand for ITCI shares in the short term. Positive clinical trial results often lead to an uptick in stock prices for biopharmaceutical companies due to the potential for increased revenue and market share.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100