Seeking Alpha

Idera up big premarket

  • Shares of Idera Pharaceuticals (IDRA) are up 20% before the open on heavy volume in response to the firm's report of positive phase 2 clinical trial results for it psoriasis drug IMO-8400.
  • The 32-patient study met its primary endpoint of safety and tolerability over a 12-week period. No adverse events, dose reductions or discontinuations occurred.
  • The study also met its secondary endpoint of demonstrating clinical activity as assessed by Psoriasis Area and Severity Index (PASI) scores.
  • IMO-8400 has demonstrated activity in other autoimmune diseases such as lupus and arthritis.
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