Derma Sciences Inc ( NASDAQ: DSCI ) reports positive follow up results of its Phase II trials of DSC127. Stock jumped more than 18 % in the morning trade. Traders might initiate buy position for intraday gains, but one might not see a huge upside in the stock ( like 50-60 % ).
Below is the detailed news:
Derma Sciences Inc |
With today’s announcement, the improvement at 24 weeks between patients treated with DSC127 0.03% and patients treated with placebo is even more pronounced. There were no drug-related adverse safety events during the entire 24-week study period. The double-blind, placebo-controlled, multi-center Phase 2 clinical trial randomized 80 patients to receive one of two dose strengths of DSC127 (0.03% or 0.01%) or vehicle placebo control.
( Source: Reuters )
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