Bloomberg Anywhere Login

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Communications

Industry Products

Media Services

Follow Us

Newron Rises After Parkinson’s Drug Study Succeeds

March 19 (Bloomberg) -- Newron Pharmaceuticals SpA, an Italian developer of an experimental treatment for Parkinson’s disease, rose to the highest in almost six weeks after saying the drug succeeded in two clinical trials.

Newron climbed as much as 2.1 percent to 8.45 Swiss francs, the highest intraday price since Feb. 7, and was trading at 8.40 francs at 9:48 a.m. in Zurich. The stock was the seventh-biggest gainer in the 215-member Swiss Performance Index, which declined 0.3 percent.

The drug, safinamide, met its main goals of improving motor function as an add-on therapy in patients with Parkinson’s disease who were taking other drugs, Bresso, Italy-based Newron said in a statement today. The company’s partner, Zambon Company SpA, plans to apply for regulatory approval of the drug in Europe and the U.S. in the fourth quarter.

“Data presented at the American Academy of Neurology Annual Meeting confirm our case that Newron’s safinamide is a key and marketable asset,” Andrew Weiss, an analyst at Vontobel in Zurich, wrote in a note to customers today. “Cash within Newron should last until mid 2015.”

To contact the reporter on this story: Simeon Bennett in Geneva at sbennett9@bloomberg.net

To contact the editor responsible for this story: Phil Serafino at pserafino@bloomberg.net

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.