Axsome Expedites Completion Timeline Of AD Study On AXS-05
Zacks Investment Research | Mar 23, 2020 12:17AM ET
Axsome Therapeutics, Inc. (NASDAQ:AXSM) announced that it is accelerating the completion time of the phase II/III ADVANCE-1 study, which currently evaluates AXS-05 for the treatment of agitation associated with Alzheimer's disease (AD). As a result, top-line data from the study is now expected in early second-quarter 2020, which was previously expected in the third.
The randomized, double-blind ADVANCE-1 study is currently enrolling patients who are aged 65 years and above. The company is looking to ensure the safety of the given patient population amid the COVID-19 pandemic as they stand at highest risk for COVID-19-related fatalities. Per the company, the AXS-05 arm along with the placebo arms is fully enrolled and more than 90% of patients is estimated to have completed the study.
Shares of Axsome have skyrocketed 233% in the past year against the Zacks Investment Research
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