Get all your news in one place.
100’s of premium titles.
One app.
Start reading
Benzinga
Benzinga
Technology
Vandana Singh

Amid Russia's Invasion On Ukraine, Karuna Therapeutics Withdraws Guidance On Late-Stage Schizophrenia Trial

Ukraine Karuna (Organization) Russia EMERGENT KRTX SEC
  • According to an SEC filing, Karuna Therapeutics Inc (NASDAQ:KRTX) is withdrawing its prior guidance for the timing of topline data for its Phase 3 EMERGENT-3 trial evaluating KarXT in schizophrenia. 
  • The Company had expected topline data from the EMERGENT-3 trial in 2H of 2022.
  • At this time, the escalating conflict in Ukraine has created uncertainty around the Company's ability to project the timing of topline data from this trial.
  •  The Company is actively monitoring the evolving geopolitical situation between Ukraine and Russia and the impact on clinical trial sites and operations. 
  • Karuna continues to enroll and treat patients in the EMERGENT clinical program and will provide updates on its sites and operations in Ukraine, as appropriate. 
  • The Company reported an EPS loss of $(0.94) for Q4 FY21, compared to $(0.89) a year ago.
  • It ended 2021 with $494.0 million in cash, cash equivalents, and available-for-sale investment securities.
  • Price Action: KRTX shares are down 6.81% at $98.01 during the market session on the last check Thursday.
Sign up to read this article
Read news from 100’s of titles, curated specifically for you.
Already a member? Sign in here
Related Stories
Top stories on inkl right now
One subscription that gives you access to news from hundreds of sites
Already a member? Sign in here
Our Picks
Tom Hardy's Venom And Andrew Garfield's Spider-Man Crossover Teased.
Fan trailer 'Venom: The Last Dance' hints at a clash between Tom Hardy's Venom and Andrew Garfield's Peter Parker in The Amazing Spider-Man 3, sparking exc...
Top News
Top News
The Anxious Generation wants to save teens. But the bestseller’s anti-tech logic is skewed
There’s no doubt about the mental health crisis facing young people. Jonathan Haidt blames our devices – which oversimplifies the problem
The Guardian - US
The Guardian - US
How to play with Barbie dolls: 6 ways to use the iconic doll as a positive role model at home
If you have a little one who loves to play with Barbie, there are lots of positive ways in which you can encourage them to play in a way that helps their development and self-esteem. We’ll show you how.
GoodToKnow
GoodToKnow
7 Google Docs keyboard shortcuts to get more done in less time
Google Docs is a great free online word processor, and you can get a lot of productivity out of it once you know these keyboard shortcuts.
Tom’s Guide
Tom’s Guide
Woman Misses Her Freckles So She Paints Them On, Gets Called Out For ‘Cultural Appropriation’
Cultural appropriation in beauty and fashion is nothing new. But today, it seems impossible that white models could walk a runway in dreadlocks, tribal and Native American dress, or geisha makeup and kimonos. Appropriation happens when consumers or companies use and manufacture products that either promote cultural stereotypes or take…
Bored Panda
Bored Panda
50 Texts Women Got From Men That Are A Crash Course In How Not To Communicate
For many of us, texting is a huge part of our lives. However, some messages can take an unexpected turn for the bizarre, hilarious, and even downright cringy. The post 50 Texts Women Got From Men That Are A Crash Course In How Not To Communicate first appeared on Bored…
Bored Panda
Bored Panda
Fourteen days free
Download the app
One app. One membership.
100+ trusted global sources.
Download on the AppStore Get it on Google Play