IRC Recommends Continuing Addex ADX71149 Phase 2 Epilepsy Clinical Study

(24/7 MARKET NEWS) – Addex Therapeutics (NASDAQ: ADXN) reported, that morning, that the ADX71149 (JNJ-40411813) Phase 2 epilepsy clinical study has been recommended to continue by an Independent Interim Review Committee (IRC) following review of unblinded data from Part 1 of patient Cohort 1. The clinical study is being conducted by Janssen Pharmaceuticals, Inc., one of the Janssen Pharmaceutical Companies of Johnson & Johnson.

Addex Therapeutics is trading at $0.98, up $0.23 (+31.28%), on 10.33M premarket shares traded.

Its 52-week range is $0.55 to $4.34. Not saying that this will happen, but it dropped from the $2.25 to its current levels on low volume, so it may try to retrace that move.

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