Shares of Medivation surged--briefly--after the company announced mid-stage data on Dimebon showing that Huntington's [1] patients taking a three-month course of the drug demonstrated improved cognitive function compared to a placebo group. The Dimebon group suffered fewer falls on average than the placebo group. Researchers also noted an improvement for patients based on the United Huntington's Disease Rating Scale--but the results were not statistically significant. Shares jumped 22 percent but quickly slid back to a two percent gain, according to TheStreet. The CEO of Medivation says that the company will prepare for a Phase III trial.
"To my knowledge, no other drug has resulted in statistically significant benefit in cognition in Huntington's disease patients in a randomized, well-controlled trial," said Karl Kieburtz, M.D., M.P.H., the principal investigator. "Cognitive impairment is the most important therapeutic unmet need in Huntington's disease. I am pleased by this result and Dimebon's favorable safety profile, and believe that further development of this compound is warranted."
- check out Medivation's release [2]
- read the report [3] from TheStreet
Related Articles:
Medivation forges $100M deal to fund trial [4]
Medivation shares jump on Alzheimer's data [5]
Cells prompted to "eat" Huntington proteins [1]
Huntington's study reveals insights on genetic testing [6]
Links:
[1] http://www.fiercebioresearcher.com/story/cells-prompted-to-eat-huntington-proteins/2007-05-08
[2] http://www.fiercebiotech.com/press-releases/medivation-announces-positive-top-line-results-phase-2-dimebon-study-huntingtons-di-0
[3] http://www.thestreet.com/s/medivation-climbs-on-dimebon-study-data/newsanalysis/biotech/10425057.html?puc=googlen&cm_ven=GOOGLEN&cm_cat=FREE&cm_ite=NA
[4] http://www.fiercebiotech.com/story/medivation-forges-100m-deal-fund-trial/2007-09-10
[5] http://www.fiercebiotech.com/story/medivation-shares-jump-on-alzheimer-s-data/2006-09-21?utm_source=related&utm_medium=internal
[6] http://www.fiercebioresearcher.com/story/huntington-s-study-reveals-insights-on-genetic-testing/2006-08-10