Report

Newron Pharmaceuticals - Evenamide Phase II completes recruitment

Newron has completed the recruitment of 138 patients into the Phase II study of its novel schizophrenia drug, Evenamide. As expected, the read out is due in March 2021. Newron notes that Evenamide Phase III trials could start in H221 and it is progressing possible partnering and co-development deals. Newron had €39m cash at end-June 2020, with enough cash to fund development well into 2022. Our indicative value remains CHF121m.
Underlying
Newron Pharmaceuticals SpA

Newron Pharmaceuticals is a clinical stage biopharmaceutical company. Co. is focused on the development of drugs for the treatment of central nervous system disorders and pain. Co.'s pipeline include, Xadago® (safinamide), for the treatment of Parkinson's disease (PD) and PD Levodopa-induced dyskinesia; Sarizotan, for the treatment of Rett syndrome (Orphan drug status); Evenamide (NW-3509), for the treatment of Schizophrenia and Clozapine-treatment-resistant schizophrenia; and Ralfinamide for patients with specific rare pain indications (neuropathic pain).

Provider
Edison Investment Research
Edison Investment Research

Edison is an investment research and advisory company, with offices in North America, Europe, the Middle East and AsiaPac. The heart of Edison is our world renowned equity research platform and deep multi-sector expertise. At Edison Investment Research, our research is widely read by international investors, advisors and stakeholders. Edison Advisors leverages our core research platform to provide differentiated services including investor relations and strategic consulting.

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Analysts
Sean Conroy

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