By Nicholas G. Miller
Shares of Roivant rose in premarket trading after the company released positive data from a phase three study of brepocitinib, a drug to treat Dermatomyositis, an autoimmune disease.
The stock was up 3.8% to $14.72 after closing Tuesday up 20% so far this year.
The company said brepocitinib demonstrated a statistically-significant improvement when compared to a placebo on its primary end point and all nine key secondary endpoints.
More than two-thirds of patients experienced at least a moderate response from the drug with almost half experiencing a major response.
The company plans to file a new drug application for the drug in the first half of next year.
Write to Nicholas G. Miller at nicholas.miller@wsj.com.
(END) Dow Jones Newswires
September 17, 2025 07:35 ET (11:35 GMT)
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