logo
Plus   Neg
Share
Email

Stock Alert: Chiasma Up 8% On Positive Results From Acromegaly Treatment Trial

Shares of Chiasma, Inc. (CHMA) gained over 8% on Wednesday morning after reporting positive results from a late-stage trial of treatment for Acromegaly.

CHMA is currently trading at $4.37, up $0.33 or 8.17%, on the Nasdaq.

Chiasma, a biopharmaceutical company developing oral therapies for rare diseases, announced positive top-line data from its global Phase 3 non-inferiority clinical trial comparing Mycapssa to long-acting injectable somatostatin analogs in patients with acromegaly.

The study met its primary non-inferiority endpoint. 91% of patients on Mycapssa maintained insulin-like growth factor 1 response compared to compared to 100% on injectable SSAs.

The trial was designed to support a planned marketing authorization application for Mycapssa in the European Union.

Mycapssa is currently approved in the United States for long-term maintenance treatment in acromegaly patients who have responded to and tolerated treatment with injectable octreotide or lanreotide.

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
South Korea's Hyundai Motor Co. announced its decision to suspend production at its Asan plant for two days starting on Monday due to a chip shortage amid the pandemic crisis, Reuters reported. The company is experiencing trouble in supply conditions for semiconductor parts for powertrain control units. The Asan factory manufactures 300,000 vehicles, including the Sonata and Grandeur sedans, each The U.S. Department of Health and Human Services is set to expand its Health Center COVID-19 Vaccine Program to include all HRSA-funded health centers. This will increase the total number of health centers that have been invited to join the program to 1,470 nationwide from the earlier 950. McDonald's Corp. is planning to hire 25,000 workers in its restaurants across Texas in April, reports said. In a three-day event from April 13 to 15, the fast-food chain is expected to hire for crew and management positions. During these hiring days, participating McDonald's restaurants in the state will be accepting applications and interviewing job seekers.
Follow RTT