Wednesday July 15, 03:55 PM
STOCKS NEWS US-Targacept shares double after trial results
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U.S. stock market report
1035 ET 15July2009-Targacept
(TRGT - news) shares double after trial results ------------------------------------------------------------------------------
Shares of Targacept Inc soared on Wednesday, more than doubling after the company said its experimental depression drug met all the goals of a mid-stage trial.
Patients who received the drug along with citalopram, a common antidepressant, showed a statistically significant improvement in depression according to a standard depression rating scale, as compared to patients taking a dummy drug along with citalopram.
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The stock climbed 110 percent to $6.43.
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