Paion Stock Surges on Japanese Phase II/III Remimazolam Data
By Cormac Sheridan
Thursday, November 14, 2013
Shares in Paion AG surged more than 40 percent Thursday on news that its fast-acting anesthetic remimazolam hit the primary endpoint of a Phase II/III trial conducted by its Japanese partner, Osaka-based Ono Pharmaceutical Co. Ltd., and demonstrated a better cardiovascular safety profile than a widely used control drug.
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