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Shares of Axsome Therapeutics Inc. jumped 15.5% in premarket trading on Monday after the company said its Alzheimer’s treatment candidate met the primary and secondary endpoints in a Phase 3 clinical trial, meaning it delayed the time to relapse and prevented agitation among patients. The therapy, AXS-05, was tested in a double-blind, placebo-controlled, randomized study that enrolled 178 patients. There are no approved treatments for agitation caused by Alzheimer’s. Axsome’s stock has soared 50.4% this year, while the S&P 500 has declined 15.5%.
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