Axovant Sciences Ltd.'s Phase III MINDSET clinical trial – the first big test for the firm and for its parent company Roivant Sciences GMBH – ended in a massive failure for intepirdine in Alzheimer's disease, but Roivant remains focused on its other opportunities to efficiently develop new drugs while meeting investors' big expectations.
Disappointed, Yes, But Roivant's Not Roiled By Axovant's Alzheimer's Failure
Axovant's stock fell 74% based on intepirdine's Phase III failure, but parent company Roivant recently raised $1.1bn, showing that investors were willing to fund more new Vants regardless of the risky study's outcome.
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