Reviva’s stock jumps after experimental schizophrenia drug meets endpoint in Phase 2 clinical trial

Shares of Reviva Pharmaceuticals Holdings Inc. soared 76.6% in trading on Monday after the company said its experimental treatment for schizophrenia met the primary endpoint in a mid-stage clinical trial. Reviva said that the investigational therapy, brilaroxazine, met all safety endpoints and helped with “social functioning and cognition” in the randomized, placebo-controlled, double-blind Phase 2 clinical study. Reviva’s stock is down 14.6% so far this year, while the S&P 500 is up 11.3%.

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