ABVC Biopharma rises on clinical update from Phase 2 trial of ADHD drug

Sep. 23, 2022 9:22 AM ETABVC BioPharma, Inc. (ABVC)By: Dania Nadeem, SA News Editor

On a beige background, a stethoscope and a white notepad with the inscription ADHD.Medical concept

Andrei Askirka/iStock via Getty Images

  • ABVC Biopharma (NASDAQ:ABVC) said on Friday that a Phase II Part 2 study testing its ADHD drug, ABV-1505, currently being conducted at five medical centers in Taiwan, had enrolled 30 subjects and eighteen of the enrolled participants had completed the 8-week treatment.
  • (ABVC) has risen ~5% before the bell.
  • The company expects to enroll about 100 patients in Taiwan and the United States.
  • The company was also notified by the University of California, San Francisco (UCSF) Medical Center Institutional Review Board that it had approved participation in the Part 2 study, set to begin in the fourth quarter of this year.
  • ABVC expects to complete the Part 2 study in the third quarter of 2023.

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