By Dean Seal
Shares of Marinus Pharmaceuticals slid after the company said a trial of its intravenous ganaxolone for the treatment of refractory status epilepticus failed to meet a co-primary endpoint.
The stock was down 5.1% at $1.39 in premarket trading. Shares had fallen 87% year-to-date when the market closed last week.
The commercial-stage pharmaceutical company said on Monday morning that the Phase 3 trial of IV ganaxolone met a co-primary endpoint of demonstrating rapid cessation of status epilepticus, a type of seizure.
However, the trial failed to achieve statistical significance on a second co-primary endpoint of the proportion of patients not progressing to IV anesthesia.
Marinus said it would continue to analyze the trial data and engage with regulators on a potential path forward for IX ganaxolone in refractory status epilepticus.
Write to Dean Seal at dean.seal@wsj.com
(END) Dow Jones Newswires
June 17, 2024 07:40 ET (11:40 GMT)
Copyright (c) 2024 Dow Jones & Company, Inc.
Comments