Shares of the clinical-stage biotech Aptinyx (NASDAQ: APTX) are up by an eye-catching 55% as of 9:55 a.m. Tuesday morning. The drugmaker's stock is ripping higher in response to a positive midstage trial for its post-traumatic stress disorder (PTSD) candidate known as NYX-783.
Before the opening bell, Aptinyx announced that NYX-783 exhibited statistically significant and clinically meaningful efficacy results in a midstage trial consisting of 153 patients with PTSD. Equally as important, the company also reported that the drug showed a favorable adverse event and tolerability profile in the study.
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Why Aptinyx Stock Is Soaring Today