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TRPX

Therapix Biosciences

$5.20

-0.3912 (-7.00%)

07:10
04/09/18
04/09
07:10
04/09/18
07:10

Therapix Biosciences announces Phase 2 results of THX-110 study

Therapix Biosciences announced topline results from its investigator-initiated Phase IIa study at Yale University, suggesting that THX-110 significantly improved symptoms over time in adult Subjects with Tourette syndrome. "The successful completion of this study is a key milestone in our clinical development plan of our proprietary drug candidate THX-110 for the treatment of Tourette syndrome for which current available treatments are frequently inadequate or unsafe," said Adi Zuloff-Shani, Ph.D, Chief Technology Officer at Therapix. "Moreover, these results are of particular interest as the pharmacology of THX-110 appears to be distinct from existing medications for TS and may offer a unique option for treating these patients. This study was designed primarily to confirm safety, tolerability and feasibility in this challenging patient population and is encouraging that we obtained positive data that suggests that the combination of dronabinol (-9-tetrahydracannabinol) and palmitoylethanolamide (PEA) (THX-110) should be pursued as a treatment for TS patients," continued Dr. Zuloff-Shani. "Based on these study results, we intend to initiate a randomized, double-blind, placebo controlled study to evaluate the safety, tolerability and efficacy of daily oral THX-110 in treating adults with Tourette syndrome."

TRPX Therapix Biosciences
$5.20

-0.3912 (-7.00%)

06/05/17
LTCO
06/05/17
INITIATION
Target $18
LTCO
Buy
Therapix Biosciences initiated with a Buy at Ladenburg
Laidlaw analyst Francois Brisebois initiated Therapix Biosciences with a Buy and an $18 price target saying lead candidate THXTS01, an orally available pill consisting of FDA approved dronabinol and palmitoylethanolamide for the treatment of symptoms related to Tourette Syndrome, has little competition and a large market opportunity.

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