NPS Pharma soars as Gattex meets primary efficacy endpoint in Ph III study
Shares of US specialty drug developer NPS Pharmaceuticals (Nasdaq: NPSP) soared 22% to $9.30 in early trading in Monday on the news that its Phase III pivotal study of Gattex (teduglutide) met the primary efficacy endpoint of reducing parenteral nutrition (PN) dependence in patients with adult short bowel syndrome (SBS). The 24-week randomized, double-blind study, known as STEPS, was designed to compare the efficacy, safety and tolerability of Gattex to placebo.
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