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Minerva Neurosciences Reports Third Quarter 2015 Financial Results and Business Updates
Clinical Trials Remain on Track for Data Readouts in the First Half of 2016
Dr. David Kupfer Joins Board of Directors
Management to Host Conference Call Today at 8:30 a.m. Eastern Time
WALTHAM, Mass., Nov. 5, 2015 (GLOBE NEWSWIRE) -- Minerva Neurosciences, Inc. (NASDAQ:NERV), a clinical-stage biopharmaceutical company focused on the development of therapies to treat central nervous system (CNS) disorders, today reported key business updates and financial results for the third quarter ended September 30, 2015.
"Patient recruitment in ongoing trials with Minerva's three clinical-stage compounds is leading toward a number of data milestones expected to occur during the first half of 2016," said Dr. Remy Luthringer, president and chief executive officer of Minerva. "These trials include the Phase IIb trial with MIN-101 in schizophrenia, the Phase IIa trial with MIN-202 in insomnia disorder, the Phase Ib trial with MIN-202 in adjunctive major depressive disorder (MDD) and the Phase IIa trial with MIN-117 in MDD. Data generated from these trials will inform our decisions about the next stage of clinical development for each product candidate."
MIN-101:
MIN-202 (JNJ-42847922) , under joint development with Janssen Pharmaceutica NV (Janssen) :
MIN-117:
MIN-301:
Board of Directors:
Third Quarter 2015 Financial Results
Conference Call Information:
Minerva Neurosciences will host a conference call and live audio webcast today at 8:30 a.m. Eastern Time to discuss the quarter and recent business activities. To participate, please dial (877) 312-5845 (domestic) or (765) 507-2618 (international) and refer to conference ID 56415971.
The live webcast can be accessed under "Events and Presentations" in the Investors and Media section of Minerva's website at ir.minervaneurosciences.com. The archived webcast will be available on the website beginning approximately two hours after the event for 90 days.
About Minerva Neurosciences:
Minerva Neurosciences, Inc. is a clinical-stage biopharmaceutical company focused on the development and commercialization of a portfolio of products to treat CNS diseases. Minerva's proprietary compounds include: MIN-101, in Phase IIb development for schizophrenia; MIN-202 (JNJ-42847922), in Phase IIa and Phase Ib development for insomnia and adjunctive major depressive disorder (MDD), respectively; MIN-117, in development for MDD; and MIN-301, in pre-clinical development for the treatment of Parkinson's disease. Minerva's common stock is listed on the NASDAQ Global Market under the symbol "NERV." For more information, please visit www.minervaneurosciences.com.
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