SNY, TEVA Stocks Jump on Encouraging Data From IBD Drug Study [Yahoo! Finance]
Johnson & Johnson (JNJ)
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Source: Yahoo! Finance
How did the stock prices of Sanofi and Teva react to the positive results of the RELIEVE UCCD study? Sanofi stock rose nearly 7% and Teva jumped 26%, even hitting a six-year high of 21.05. Year to date, Sanofi's stock fell 1.6% against the industry's 5.3% growth, while Teva's stock has doubled in market value compared with the industry's 11.2% growth. Was this helpful? Yes No What were the results of the phase IIb RELIEVE UCCD study on Sanofi and Teva's investigational anti-TL1A therapy, duvakitug, for the treatment of Ulcerative Colitis (UC) and Crohn's disease (CD)? The study met its primary endpoints for both diseases. In the UC group, 36.2% of patients who received a low dose of the drug and 47.8% of patients who received a high dose achieved clinical remission compared to 20.45% for placebo. For the CD group, 26.1% of patients who received a low dose and 47.8% of patients who took a high dose achieved endoscopic response compared to 13% in the placebo group. Was th
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- 10/15/24 - Beat
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