BRIEF-Roivant Announces Positive Neptune Study Results For Brepocitinib In NIU

Reuters04-02

April 2 (Reuters) - Roivant Sciences Ltd :

* ROIVANT: POSITIVE NEPTUNE STUDY RESULTS FOR BREPOCITINIB IN NIU

* ROIVANT: AUTHORIZATION FOR UP TO $1.5 BILLION SHARE REPURCHASE PROGRAM, INCLUDING REPURCHASE OF ENTIRE SUMITOMO PHARMA STAKE FOR $648 MILLION

* ROIVANT: PHASE 2 NEPTUNE STUDY SECONDARY EFFICACY ENDPOINTS WERE POSITIVE AND DOSE RESPONSIVE

* ROIVANT: REPURCHASE OF ALL 71.3 MILLION SHARES HELD BY SUMITOMO PHARMA AT PURCHASE PRICE OF $9.10 PER SHARE

* ROIVANT: BREPOCITINIB WAS GENERALLY SAFE AND WELL-TOLERATED IN STUDY

* ROIVANT: PRIOVANT THERAPEUTICS INTENDS TO INITIATE A PHASE 3 PROGRAM IN NIU IN H2 2024

* ROIVANT: ONGOING PHASE 3 STUDY EVALUATING BREPOCITINIB IN DERMATOMYOSITIS EXPECTED TO BE FULLY ENROLLED IN Q3 2024, DATA EXPECTED IN 2025

* ROIVANT: BREPOCITINIB WELL-POSITIONED TO SUPPORT POTENTIAL MULTI-BLOCKBUSTER FRANCHISE IN SPECIALTY AUTOIMMUNITY

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