La Jolla Pharmaceutical (LJPC) Has Surged To A New High On Phase 3 Results

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La Jolla Pharmaceutical (LJPC) announced Monday morning that its Phase 3 study of LJPC-501 in patients with catecholamine resistant hypotension was highly statistically significant in terms of its primary endpoint. Only 23% of the 158 placebo-treated patients had a blood pressure response compared to 70% of the 163 LJPC-501-treated patients.

La Jolla Pharmaceutical has gapped open sharply higher Monday morning and is now up 10.01 at $29.88 on the highest volume of the year. The stock has surged past resistance and has set a new high for the year.

by RTT Staff Writer

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