(RTTNews) – Shares of BioXcel Therapeutics Inc. (BTAI) bankrupt Tuesday, the aftermost trading day of 2019, at $14.61, up a whopping 338% in the year.
BioXcel Therapeutics is a clinical-stage biopharmaceutical aggregation focused on biologic development that utilizes bogus intelligence to analyze bigger therapies in neuroscience and immuno-oncology.
The Aggregation has two artefact candidates in analytic development – BXCL501, an investigational, sublingual attenuate blur conception for the astute analysis of agitation consistent from neuropsychiatric disorders, and BXCL701, an investigational orally administered systemic congenital amnesty activator for the analysis of a attenuate anatomy of prostate blight and for analysis of pancreatic blight in aggregate with added immuno-oncology agents.
A appearance III affairs of BXCL501, dubbed SERENITY, consisting of two appearance III studies for the astute analysis of agitation in patients with schizophrenia and bipolar disorder, was accomplished as afresh as December 30, 2019. Topline abstracts from both the appearance III trials, accepted as SERENITY I and SERENITY II, are accepted in mid-2020.
Next up in the activity is BXCL701, which in aggregate with Keytruda, is beneath a appearance Ib/II balloon in treatment-emergent Neuroendocrine Prostate Blight (tNEPC). Abstracts read-out from this balloon is accepted in the aboriginal bisected of 2020.
A amateur aggregate abstraction of BXCL701, Nektar’s bempegaldesleukin and Pfizer/Merck KGaA’s Bavencio in pancreatic blight is additionally actuality planned.
The Aggregation appear a net accident of $9.0 actor or $0.57 per allotment for the third division concluded September 30, 2019, compared to a net accident of $4.9 actor or $0.31 per allotment for the aforementioned aeon in 2018.
At the end of the third division of 2019, banknote and banknote equivalents totaled about $40.3 million.
BTAI has traded in a ambit of $3.33 and $14.80 in the aftermost 1 year. The banal bankrupt Tuesday’s trading at $14.61, up 40.35%.
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