MediciNova IncPhase 2 trial of MN-001 failed to show statistical superiority, sending shares limit-down.
In the Tokyo stock market on the 9th, Accel, Happinet, Asahi Yukizai, NSD, and NaITO were bought after raising their earnings forecasts the previous day. Accel hit the daily limit-up with pro-rata allocation, lifting its first-half operating profit from a previous forecast of 970 million yen to 1.33 billion yen and its full-year figure from 1.2 billion yen to 2.29 billion yen, while also raising its annual dividend from 41 yen to 79 yen. Happinet raised its first-half operating profit from 7.8 billion yen to 13.5 billion yen; Asahi Yukizai lifted its first-half figure from 3.9 billion yen to 5.5 billion yen and its full-year figure from 8.5 billion yen to 12 billion yen, and increased its annual dividend from 130 yen to 180 yen. NSD raised its first-half operating profit from 8.4 billion yen to 8.9 billion yen and its full-year figure from 19.5 billion yen to 20.1 billion yen, while NaITO revised its full-year operating profit forecast upward from 400 million yen to 1.25 billion yen. Meanwhile, MediciNova hit the daily limit-down with pro-rata allocation after its Phase 2 clinical trial of MN-001 failed to show statistical superiority, and Chugai Pharmaceutical fell sharply for a second day after Roche decided to discontinue development of GYM329, a candidate treatment for obesity.
MediciNova IncPhase 2 trial of MN-001 failed to show statistical superiority, sending shares limit-down.
Roche Holding AGRoche decided to discontinue development of GYM329, an obesity treatment candidate.
Asahi Yukizai raised its first-half and full-year operating profit forecasts and lifted its annual dividend.
Roche decided to discontinue development of GYM329, an obesity treatment candidate, hitting Chugai shares for a second day.
Axell raised its first-half and full-year operating profit forecasts and lifted its annual dividend.
Happinet raised its first-half operating profit forecast from 7.8 billion yen to 13.5 billion yen.
NaITO raised its full-year operating profit forecast from 400 million yen to 1.25 billion yen.
NSD raised its first-half and full-year operating profit forecasts.