Minerva Rockets On Positive PhIIb Data – Is A Big Pharma Partnership On The Horizon?

 
• By Lucie Ellis-Taitt

Minerva Neurosciences Inc.'s schizophrenia drug that targets patients with negative symptoms, an indication with high unmet need and no approved treatments, has met primary and secondary endpoints in a Phase IIb trial – positioning the company well for access to an open market and marking it as an attractive M&A target.

Minerva's stock (NASDAQ) rocketed following the release of topline Phase IIb data for schizophrenia drug MIN-101 – leaping up from its closing price of $3.55 per share on May 25 to a peak of $13.16 per share the following day. Its previous highest price in the last year was just $6.84 per share.

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