NEW YORK (TheStreet) -- Shares ofNeuroDerm (NDRM) plunged 21.71% to $14.20 on higher-than-average volume on Wednesday, as the stock sold offone day after it soared following the Israeli company's announcement of encouraging results from a trial for a treatment of Parkinson's disease.
NeuroDerm announced continuous, subcutaneous dosage of two of its proprietary liquid levodopa/carbidopa (LD/CD) product candidates, ND0612H and ND0612L, resulted in clinically significant plasma levadopa levels. The dataindicates that the high dose version, ND0612H, meant for patients with severe Parkinson's disease, could be an effective therapy alternative to current treatments that require surgery.
"Maintaining consistent levodopa concentrations has been the most significant hurdle in Parkinson's disease therapy," said Sheila Oren, MD, NeuroDerm's Vice President of Clinical and Regulatory Affairs.
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NeuroDerm (NDRM) Stock Plunges Today Following Tuesday's Gains
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