Sleep-Disorder Focused Centessa Pharmaceuticals Unveils Interim Data From Lead Program In Acutely Sleep-Deprived Healthy Volunteers
Portfolio Pulse from Vandana Singh
Centessa Pharmaceuticals (NASDAQ:CNTA) reported positive interim Phase 1 trial results for ORX750, showing significant improvements in wakefulness in sleep-deprived volunteers. The drug demonstrated a favorable safety profile, prompting plans for Phase 2 trials in 2024. CNTA stock rose 7.90% following the news.
September 10, 2024 | 4:19 pm
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Centessa Pharmaceuticals released positive interim data from a Phase 1 trial of ORX750, showing significant improvements in wakefulness in sleep-deprived volunteers. The drug was well-tolerated, with no major adverse events, leading to plans for Phase 2 trials. CNTA stock rose 7.90% on the news.
The positive interim results for ORX750, showing significant improvements in wakefulness and a favorable safety profile, are likely to boost investor confidence in Centessa Pharmaceuticals. The stock's 7.90% increase reflects market optimism about the drug's potential and the company's future prospects, especially with plans for Phase 2 trials.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100