trending Market Intelligence /marketintelligence/en/news-insights/trending/qdcBGFgIp-mDD1qry9Mv1w2 content esgSubNav
In This List

Minerva ends development of depression drug after mid-stage study failure

Blog

Baird Research is Now Exclusively Available in S&P Global’s Aftermarket Research Collection

Blog

Japan M&A By the Numbers: Q4 2023

Blog

Essential IR Insights Newsletter Fall - 2023

Case Study

A Corporation Clearly Pinpoints Activist Investor Activity


Minerva ends development of depression drug after mid-stage study failure

Minerva Neurosciences Inc.'s depression treatment MIN-117 failed to significantly reduce symptoms of depression compared to placebo in patients with major depressive disorder during a mid-stage study.

The Waltham, Mass.-based biotechnology company was evaluating 2.5-milligram and 5-milligram doses of the drug in adult patients with moderate to severe major depressive disorder in the six-week phase 2b trial.

Both doses of the drug failed to reduce symptoms of anxiety over the six-week treatment period.

Minerva Executive Chairman and CEO Remy Luthringer expressed disappointment with the results and said the company has no plans to further develop the drug in the major depressive disorder indication.