By Denny Jacob
Neumora Therapeutics said a study of major depressive disorder treatment navacaprant didn't demonstrate a statistically significant improvement.
Trading was halted at 6:55 a.m. ET ahead of the disclosure. The stock closed Tuesday at $10.60.
The clinical-stage biopharmaceutical company said the Phase 3 study didn't demonstrate a statistically significant improvement on the primary endpoint of change from baseline in a scale that measures depression at Week 6 or the key secondary endpoint of change from baseline in a separate scale.
"The outcome of KOASTAL-1 is not what we expected, but there are encouraging trends in the data that we are analyzing," said Chief Executive Henry Gosebruch.
Neumora said navacaprant was shown to be safe and generally well-tolerated with no serious adverse events reported.
Write to Denny Jacob at denny.jacob@wsj.com
(END) Dow Jones Newswires
January 02, 2025 07:17 ET (12:17 GMT)
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