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Stock impact report

Investors flock to neuro drug makers after FDA approves new schizophrenia drug [MarketWatch]

Minerva Neurosciences, Inc (NERV) 
Last minerva neurosciences, inc earnings: 3/9 07:30 am Check Earnings Report
Company Research Source: MarketWatch
Investors flock to neuro drug makers after FDA approves new schizophrenia drug The approval of Intra-Cellular Therapies Inc.’s schizophrenia drug Caplyta on Monday is the latest indicator that some drug developers are finally prioritizing psychiatric treatments despite the challenges of bringing them to market. Shares of Intra-Cellular ITCI, +193.49% rocketed 203% in trading on Monday after the Food and Drug Administration announced the approval of Caplyta, which is expected to launch at the end of the first quarter of 2020. The company’s stock price hit a record high on Monday. “A label like this should motivate broad use of Caplyta in schizophrenia patients among physicians seeking to minimize the many adverse side effects of older antipsychotics,” including weight gain, sexual dysfunction and movement disorders, SVB Leerink’s Marc Goodman wrote in a note to clients. See also: Karuna Therapeutics’ stock more than triples after upbeat trial results of schizophrenia treatment Dru Show less Read more
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