Axsome Therapeutics Rises After FDA Clears AUVELITY for Alzheimer’s-Related Agitation
Axsome Therapeutics shares jumped about 14% after the U.S. Food and Drug Administration approved AUVELITY for the treatment of agitation associated with dementia due to Alzheimer’s disease. The decision extends AUVELITY's label beyond major depressive disorder and is supported by positive Phase 3 results from ADVANCE-1 and ACCORD-2.