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What: Shares of biotechnology company XenoPort
So what: Results from XenoPort early stage trial were generally favorable, well tolerated by the 60 tested patients, and leads to a possible indication of a higher dose of the drug hopefully being used as a once-a-day treatment. XP23829, which is a fumaric ester compound, has shown positive neuroprotective effects in preclinical models, but today’s data release is the first step towards potential commercialization.
Now what: Before we get too excited, let’s keep in mind that this is merely an early stage trial, and XenoPort still has a lot to prove with regards to efficacy in mid-stage trials. The bigger concern with XenoPort, as I addressed two weeks earlier, has to do with its current FDA-approved restless leg syndrome treatment, Horizant. Sales of the drug have been laughably weak, with U.S. marketing partner GlaxoSmithKline
Craving more input? Start by adding XenoPort to your free and personalized Watchlist so you can keep track of the latest news with the company.
Fool contributor Sean Williams has no material interest in any companies mentioned in this article. You can follow him on CAPS under the screen name TMFUltraLong, track every pick he makes under the screen name TrackUltraLong, and check him out on Twitter, where he goes by the handle @TMFUltraLong.
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