Xenon Pharmaceuticals Inc. (XENE) shares jumped 47.54 percent to $61.88 on Monday, gaining $19.94 after the company reported positive Phase 3 results for its epilepsy drug candidate Azetukalner.
The stock is currently trading at $61.88 compared with its previous close of $41.94. Shares opened at $60.56 and traded between $58.00 and $62.64 during the session on the Nasdaq. Trading volume reached about 7.94 million shares, far above the average volume of about 0.92 million shares.
The Phase 3 X-TOLE2 study met its primary endpoint, with patients receiving the 25 mg dose of Azetukalner showing a 53.2 percent median reduction in monthly seizure frequency compared with 10.4 percent for placebo. The lower 15 mg dose produced a 34.5 percent reduction. The company plans to submit a New Drug Application to the U.S. FDA in the third quarter of 2026.
The stock has traded in a 52-week range of $26.74 to $62.64.
For comments and feedback contact: editorial@rttnews.com
Business News
April 24, 2026 15:15 ET Economics news flow was relatively light this week even as the conflict in the Middle East continued, raising concerns for policymakers. In the U.S., spending data, initial jobless claims and pending home sales were the highlights. Business confidence in the biggest euro area economy was in focus in Europe. Inflation data from Japan gained attention in Asia.