Annexon shares rise on positive Guillain-Barré study results

Shares of Annexon Inc experienced a 12% increase following the announcement of positive topline results from a study evaluating its immunotherapy ANX005.

The drug developer reported that the study's findings support the potential of ANX005 as a treatment option for Guillain-Barré Syndrome, a rare and acute neuromuscular disease.

The study in question was a real-world evidence study that compared the effects of ANX005 with those of intravenous immunoglobulin within a matched patient cohort.

The goal was to assess the efficacy of ANX005 in treating Guillain-Barré Syndrome, which currently lacks FDA-approved treatments.

The company's shares responded favorably to the news, reflecting investor optimism about the potential market opportunity for ANX005.

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Source: Investing.com