Regeneron Pharmacueticals and Teva Pharmaceutical Report Positive Topline Phase 3 Clinical Trial Results of Fasinumab

On August 16, Regeneron Pharmaceuticals, Inc. (REGN) and Teva Pharmaceutical Industries Ltd. (TEVA) announced positive topline results from a Phase 3 clinical trial of Fasinumbab in patients with chronic pain from osteoarthritis of the knee or hip. After 16 weeks, the study met both co-primary endpoints as well as all key secondary endpoints. Patients treated with Fasinumab experienced significantly less pain and improved functional ability.

 

Sonal detected the event and sent an alert at 7:00 am. The next trade took place at 7:01 am for $22.54. Teva opened for regular market trading at $22.62. The stock price gained 7% during the event day to close at $24.11.

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