IPO Stock Watch: Receptos Soars On MS Drug Results

By | June 10, 2014

Scalper1 News

Receptos (RCPT) stock leapt 37% in massive volume to close at 39.94 in the stock market today, following Monday’s late announcement that its oral multiple-sclerosis drug RPC-1063 had reduced brain lesions in a phase-two clinical trial. RPC-1063 is chemically similar to Novartis’ (NVS) Gilenya, but Leerink analyst Marko Kozul wrote in a note Monday that the trial results “suggest it is meaningfully differentiated from Gilenya and other competing Scalper1 News

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