HomeFinTechBionomics: Tests new formula for PTSD drug

Bionomics: Tests new formula for PTSD drug

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  • Biopharmaceutical company Bionomics (BNO) has initiated trials to test a new tablet form of its post-traumatic stress disorder treatment (PTSD), BNC210
  • Then the trial will test the drug’s new solid dose formula after its initial liquid formulation failed to meet efficacy standards in phase two trials
  • Findings will then used to determine the dosing regimen of BNC210 for a second phase two clinical trial, expected later this year
  • A statement from BNO indicates the study site has prepared and volunteer screenings have commenced
  • Results from the study expected in the first quarter of 2021
  • BNO shares are up a healthy 3.45 percent on the market
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