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Monday, May 4, 2020

Marinus Pharma updates business; shares down

Marinus Pharmaceuticals (NASDAQ:MRNS) provides an update on its clinical development activities.
Status Epilepticus: The company announces constructive end-of-Phase 2 meeting with the FDA.
Patient enrollment is expected to begin in Q3 with topline data expected in H1 2022.
CDKL5 Deficiency Disorder: Enrollment has been completed in Phase 3 Marigold Study. The company remains on-track to report top‑line data in Q3 with no expected material delays due to COVID-19. Marinus has begun preparations for an NDA filing.
Tuberous Sclerosis Complex: Marinus intends to start screening patients in a Phase 2 trial this quarter with top line data expected in Q1 2021.
PCDH19 Related Epilepsy (PCDH19-RE): Marinus will transition the ongoing Phase 3 Violet Study to a proof-of-concept (POC) trial evaluating allopregnanolone sulfate as a biomarker in patients with a confirmed PCDH19 mutation.
The company has decided to limit trial enrollment and announce results of this POC trial in H1 2021.
As on March 31, 2020, the Company had cash and cash equivalents and investments totaling $77.8M compared to $91.7M on December 31, 2019.
https://seekingalpha.com/news/3568227-marinus-pharma-updates-business-shares-down-7-premarket

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