Paratek shares shoot up on a positive PhIII and a slow-mo shot at FDA/EMA OK for its antibiotic
Shares of Paratek shot up 30% $PRTK in after-market trading on Monday as investors reacted to the Boston biotech’s proclamation of a clean sweep for its pivotal test of its new antibiotic omadacycline. Execs said that their broad spectrum antibiotic hit its primary and secondary endpoints for the FDA as well as the co-primaries needed for the EMA in their second positive late-stage trial.
Researchers went looking for evidence that omadacycline matched up with moxifloxacin in the treatment of patients with community-acquired bacterial pneumonia (CABP). And that’s what they got, with early clinical response rates scoring 81.1 % and 82.7% in new and old antibiotics.
Unlock this article instantly by becoming a free subscriber.
You’ll get access to free articles each month, plus you can customize what newsletters get delivered to your inbox each week, including breaking news.