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Reading: Vertex stock rises as non-opioid pain drug shows positive results in pivotal trials
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News Junction > Blog > Business > Vertex stock rises as non-opioid pain drug shows positive results in pivotal trials
Vertex stock rises as non-opioid pain drug shows positive results in pivotal trials
Business

Vertex stock rises as non-opioid pain drug shows positive results in pivotal trials

Published January 30, 2024
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Daniel Grizelj

Vertex Pharmaceuticals (NASDAQ:VRTX) is trading around +6.5% premarket on Tuesday after it reported positive results from a Phase 3 program evaluating VX-548, its non-opioid drug candidate for moderate to severe acute pain.

VX-548 was found to significantly improve pain compared to placebo treatment in post-operative pain in abdominoplasty and bunionectomy randomized controlled trials. It was found to be effective in treating surgical and non-surgical pain conditions for up to 14 days.

The new class of acute pain medicine was safe and well tolerated in all three studies and Vertex (VRTX) plans to submit a new drug application to the U.S. FDA by mid-2024. VX-548 already has FDA breakthrough and fast track designations.

CEO Reshma Kewalramani said: “The VX-548 benefit-risk profile ideally positions it to potentially fill the gap between medicines with good tolerability but limited efficacy and opioid medicines with therapeutic efficacy but known risks, including addictive potential.”

More on Vertex Pharmaceuticals

#Vertex #stock #rises #nonopioid #pain #drug #shows #positive #results #pivotal #trials

TAGGED:drugnonopioidPainpivotalpositiveResultsrisesShowsStocktrialsVertex
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