Nabriva Therapeutics Plc shares more than doubled in premarket trading on Monday after the company said its experimental antibiotic for community-acquired bacterial pneumonia met the main goal of a late-stage study.
(Reuters) – Nabriva Therapeutics Plc shares more than doubled in premarket trading on Monday after the company said its experimental antibiotic for community-acquired bacterial pneumonia met the main goal of a late-stage study.
The clinical trial, which was the first of two late-stage studies, showed that the company&rsquo-s drug, lefamulin, was as effective as the commonly used antibiotic moxifloxacin, meeting the main goal of the trial.
Community-acquired bacterial pneumonia is one of the most common infectious diseases and the leading cause of infectious death in the United States.
The company&rsquo-s shares jumped to $13.91 in premarket trading from their Friday close of $6.86.
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