Markets

Stock Alert: Immunovant Up 7% On Positive Results From Phase 2 Trial Of Myasthenia Gravis Treatment

(RTTNews) - Shares of Immunovant, Inc. (IMVT) are currently gaining nearly 7% on Tuesday morning after the company announced positive results from a mid-stage trial of its treatment for myasthenia gravis.

IMVT is currently trading at $35.80, up $2.32 or 6.93%, on the Nasdaq.

Immunovant, a clinical-stage biopharmaceutical company focused on autoimmune diseases, announced positive topline results from ASCEND MG, a Phase 2a study of IMVT-1401 in patients with myasthenia gravis.

Myasthenia gravis is a long-term neuromuscular disease that leads to varying degrees of skeletal muscle weakness. The most commonly affected muscles are those of the eyes, face, and swallowing. It can result in double vision, drooping eyelids, trouble talking, and trouble walking.

The trial was designed to evaluate the safety, tolerability, pharmacodynamics, and efficacy of IMVT-1401 in patients with moderate-to-severe generalized myasthenia gravis.

Patients treated with IMVT-1401 showed a mean 3.8-point improvement on the on the Myasthenia Gravis Activities of Daily Living scale, which was significantly better than a mean decline of 0.6 for placebo arm.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

In This Story

IMVT

Latest Markets Videos

RTTNews

Founded in the late 1990s by Andrew Mariathasan in New York, with the goal of covering Wall Street for a new generation of investors, RTTNews has expanded steadily over the years to become a trusted provider of content for a wide array of subjects across several platforms. RTT's Financial Newswire is relied upon by some of the world's largest financial institutions, including banks, brokerages, trading platforms and financial exchanges.

Learn More