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An update from Sosei Group ( (JP:4565) ) is now available.
Nxera Pharma announced that its partner, Neurocrine Biosciences, has initiated a Phase 3 trial for NBI-1117568, an investigational treatment for schizophrenia. This marks a significant milestone as it is the first NxWave™-designed molecule to reach this stage, potentially enhancing Nxera’s position in the neuropsychiatric treatment market. The trial will assess the drug’s efficacy, safety, and tolerability, with the potential to offer a novel mechanism for treating schizophrenia without the need for combination therapy, which could have significant implications for stakeholders.
More about Sosei Group
Nxera Pharma Co., Ltd. operates in the pharmaceutical industry, focusing on the development of innovative treatments for neuropsychiatric disorders. The company collaborates with Neurocrine Biosciences to advance a portfolio of muscarinic agonists, designed using its NxWave™ platform, to address unmet needs in this field.
YTD Price Performance: -5.15%
Average Trading Volume: 400
Technical Sentiment Signal: Buy
Current Market Cap: $561.2M
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