Neurocrine Biosciences Inc - NBIX STOCK NEWS

Neurocrine Biosciences (Nasdaq: NBIX) announced positive top-line results from its Phase 3 KINECT-HD study for valbenazine, targeting chorea in Huntington disease. The study achieved its primary endpoint, showing a placebo-adjusted mean reduction of 3.2 units in the Total Maximal Chorea (TMC) score (p < 0.0001). Secondary endpoints were also significant. No new safety concerns were reported, and no suicidal ideation emerged. The company plans to submit a supplemental new drug application to the FDA in 2022. Chorea affects about 30,000 adults in the U.S.

Neurocrine Biosciences (NASDAQ: NBIX) has appointed Jude Onyia, Ph.D., as the new Chief Scientific Officer. Dr. Onyia brings over 25 years of pharmaceutical industry experience, having served at Capsida Biotherapeutics and Eli Lilly & Co. where he contributed to over 60 clinical candidates leading to seven approved medicines. His leadership is expected to enhance Neurocrine's drug discovery efforts, focusing on developing treatments for neurological and endocrine disorders. CEO Kevin Gorman expressed confidence in Dr. Onyia's vision to advance the company's mission of alleviating patient suffering.

Neurocrine Biosciences (Nasdaq: NBIX) has entered a strategic collaboration with Sosei Group Corporation to develop muscarinic receptor agonists for treating schizophrenia and other neuropsychiatric disorders. The agreement grants Neurocrine rights to a portfolio of M4, M1, and dual agonists, including the advanced program HTL-0016878, a selective M4 agonist. Neurocrine plans to submit an IND application and initiate Phase 2 studies in 2022. Sosei will receive a $100 million upfront payment and up to $2.6 billion in milestone payments, plus royalties on future sales.

Neurocrine Biosciences (Nasdaq: NBIX) announced participation in two key investor conferences. CEO Kevin Gorman and CFO Matt Abernethy will present at the Jefferies London Healthcare Conference on Nov. 16, 2021, at 1:00 p.m. GMT (8:00 a.m. ET). Additionally, CFO Abernethy and CMO Eiry Roberts will participate in the Evercore ISI 4th Annual HealthCONx Virtual Conference on Nov. 30, 2021, at 10:55 a.m. ET. Presentations will be webcast on the company’s website, with replays available for one month after each event.

Neurocrine Biosciences (Nasdaq: NBIX) reported strong Q3 2021 financial results, with total revenues of $296 million, a 14.5% increase from $258.5 million in Q3 2020. Net product sales of INGREZZA reached $287 million, reflecting heightened demand and successful commercial activities. GAAP net income stood at $22.5 million, or $0.23 per share, contrasting sharply with a net loss of $57.6 million in the prior year. R&D expenses increased due to investments in pipeline projects, while total cash reserves were approximately $1.3 billion. The company anticipates further clinical data releases within the next two years.

Neurocrine Biosciences (NASDAQ: NBIX) presented new data on INGREZZA (valbenazine) for treating tardive dyskinesia at the 2021 Psych Congress. Key findings include a pooled analysis showing significant improvement in elderly patients with tardive dyskinesia, development of the MIND-TD questionnaire for better patient-provider communication, and real-world insights on telehealth's impact during the COVID-19 pandemic. The data supports INGREZZA's efficacy and highlights the company's commitment to addressing tardive dyskinesia, which affects approximately 600,000 individuals in the U.S.

Neurocrine Biosciences (Nasdaq: NBIX) announced its participation in the ANA 2021 Virtual Annual Meeting from October 17-19, 2021. The company will present new analyses of its movement disorder treatments for Parkinson's disease and tardive dyskinesia (TD). Key findings include the impact of nighttime 'off' episodes on sleep in Parkinson's patients. Presentations will cover various studies related to ONGENTYS (opicapone) and INGREZZA (valbenazine). There's a growing commitment from Neurocrine to enhance the understanding of these conditions and improve patient care.

Neurocrine Biosciences (Nasdaq: NBIX) will announce its third quarter 2021 financial results on November 1, 2021, after market close. The company will then host a conference call and webcast at 1:30 p.m. PT to discuss the results and provide updates. Participants can join via phone or through their website. Neurocrine specializes in treatments for neurological and endocrine disorders, with a diverse product portfolio.

Neurocrine Biosciences (Nasdaq: NBIX) will present new data on its movement disorder treatments at the MDS Virtual Congress 2021 from September 17–22. Key findings include a post hoc analysis from the KINECT 4 Phase 3 study, showing significant reductions in tardive dyskinesia (TD) symptoms with once-daily INGREZZA (valbenazine). Additionally, pooled data from BIPARK-1 and BIPARK-2 studies will evaluate ONGENTYS (opicapone) effects on sleep patterns in Parkinson's patients. Neurocrine aims to enhance understanding of TD and Parkinson's disease management.