Innovent's Psoriasis Drug Picankibart Shows Results In Phase 3 Study, China Moves Forward With NDA
Portfolio Pulse from Benzinga Newsdesk
Innovent Biologics' psoriasis drug, Picankibart, has shown positive results in a Phase 3 study, leading to the acceptance of its New Drug Application in China. The drug demonstrated significant efficacy and safety, offering potential benefits for patients with moderate to severe plaque psoriasis.
September 26, 2024 | 6:49 am
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Innovent Biologics' Picankibart has achieved positive Phase 3 results, leading to NDA acceptance in China. This could enhance Innovent's market position in the psoriasis treatment space.
The acceptance of the NDA for Picankibart following successful Phase 3 results is a significant milestone for Innovent Biologics. It positions the company to potentially capture a substantial share of the psoriasis treatment market in China, which could positively impact its stock price.
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