Yes, I think this is actually positive for Neuren. It seems to me Acadia has been trying to downplay the importance of Trofinitide & NNZ-2591 to their future plans, possibly because they want to maintain a strong negotiating position with Neuren regarding any future deals. Hence their investment in the prader willi trial and continuing to try extending their existing drug (despite multiple failures). I don't think Acadia wants to look like a one trick pony entirely dependent upon Neuren's licensed drugs. However, with this failure, this is increasingly what they are.
Their bluffs are being called.
I suspect they may soon have to suck it up and announce they're putting significant efforts into developing NNZ-2591 for Fragile-X and Retts - as their best remaining options for the future of their business.
I wouldn't be surprised if we hear about another failure soon on their current Ph 3 trial for prader-willi hyperphagia. and I wonder how the Alzheimers Disease Psychosis trial is going too?
Yes, I think this is actually positive for Neuren. It seems to...
Add NEU (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
$20.80 |
Change
-0.160(0.76%) |
Mkt cap ! $2.619B | |||
| Open | High | Low | Value | Volume |
| $21.00 | $21.21 | $20.31 | $11.90M | 578.1K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 9 | 451 | $20.80 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $20.81 | 531 | 8 |
View Market Depth
| Last trade - 15.19pm 30/05/2024 (20 minute delay) ? |
|
|||||
|
Last
$20.82 |
Change
-0.160 ( 1.17 %) |
||||
| Open | High | Low | Volume | ||
| $20.97 | $21.15 | $20.32 | 184151 | ||
| Last updated 15.40pm 30/05/2024 ? | |||||
| NEU (ASX) Chart |