Intra-Cellular Therapies, maker of an approved treatment for schizophrenia and bipolar depression, announced positive results from a new clinical trial on Tuesday that could potentially expand use of its drug to other types of mood disorders.
Sales of the Intra-Cellular drug, called Caplyta, tripled last year to $249 million. The new study results, while not definitive, bolster confidence that the drug could also prove effective for people with major depressive disorder and so-called mixed features.
“We believe the long-term Caplyta opportunity could double to $2.5 billion-plus,” said RBC analyst Brian Abrahams, in a research note to clients on Tuesday.
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