Johnson & Johnson Partner Contineum Slides as Depression Drug Fails
Contineum Therapeutics shares fell on Tuesday after disappointing Phase 2 results from a key study of its depression drug, a program developed in partnership with Johnson & Johnson. The trial failure weighed on investor sentiment for the company.
Why it matters — A CTNM watcher would care because the failed Phase 2 depression trial represents a setback for one of the company's key partnered pipeline programs.