NVDA gained a massive 197% since our AI first added it in November - is it time to sell? 🤔Read more

UPDATE 2-Vanda's experimental COVID-19 drug shows promise in interim trial data

Published 08/18/2020, 07:37 PM
Updated 08/18/2020, 09:20 PM
VNDA
-

(Adds background on tradipitant, COVID-19 treatments; updates
share movement)
Aug 18 (Reuters) - COVID-19 patients with pneumonia improved
faster when treated with Vanda Pharmaceuticals Inc's VNDA.O
experimental therapy than those on placebo, the company said on
Tuesday, citing an interim analysis of data from a late-stage
study.
Shares of the U.S. drug developer rose over 13% before the
opening bell.
While the data from 60 patients showed that a 14-day
treatment with the drug, tradipitant, helped speed up clinical
improvements by day seven, the company warned a larger patient
size was needed to confirm the benefit.
So far, Gilead Sciences Inc 's GILD.O antiviral remdesivir
and the generic steroid dexamethasone have been shown to help
patients with COVID-19 in rigorous clinical trials.
The U.S. drug developer, which licensed tradipitant from Eli
Lilly and Co LLY.N in 2012, eventually plans to enroll 300
patients in the late-stage trial. The U.S. Food and Drug Administration (FDA) has imposed a
partial clinical hold on tradipitant trials that are longer than
12 weeks, citing the need for additional studies before testing
the drug in humans beyond that timeframe. A U.S. court sided
with the FDA in January over a legal dispute related to the
agency's decision.
The drug is also being tested as a treatment for various
conditions including atopic dermatitis and motion sickness. The
company says the drug targets a receptor in the body that could
be associated with causing lung injury.
Vanda said the drug's properties as an anti-inflammatory
agent would complement antiviral drugs for COVID-19, if the
results from its analysis were confirmed.


<^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^
FACTBOX-Drugmakers rush to develop COVID-19 treatments
^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^>

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.