By Ben Glickman

 

Shares of Lumos Pharma soared on Tuesday after the company said its hormone deficiency treatment met all of its endpoints in a trial.

The stock rose 117% to $7.91 at 5:35 pm. ET in post-market trading, which followed a 4% rise at Tuesday's close. Shares are up 0.8% this year.

The Austin, Texas-based pharmaceutical company said its Phase 2 trial of LUM-201 in pediatric growth hormone deficiency patients showed that its treatment could be a viable alternative to injectable hormone deficiency therapies.

The company's Phase 2 dose-finding trial and Phase 2 pharmacokinetic/pharmacodynamic trial met all of their primary and secondary endpoints.

Lumos said a 1.6 milligram per kilogram dose of LUM-201 led to a growth rate comparable to that of the moderate PGHD population.

The company will meet with the Food and Drug Administration in the first quarter of 2024 and finalize plans for a Phase 3 trial.

 

Write to Ben Glickman at ben.glickman@wsj.com

(END) Dow Jones Newswires

November 07, 2023 18:09 ET (23:09 GMT)

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