OVID Provides Update on OV101 Program and the Prioritization of its Resources
As part of this update, Ovid will discontinue development of OV101 (gaboxadol), a delta (\xce\xb4)-selective GABAA\xc2\xa0receptor agonist, in Angelman syndrome.
- As part of this update, Ovid will discontinue development of OV101 (gaboxadol), a delta (\xce\xb4)-selective GABAA\xc2\xa0receptor agonist, in Angelman syndrome.
- Furthermore, Ovid does not plan to initiate further clinical studies of OV101 in Fragile X syndrome.
- \xe2\x80\x9cWhile we are disappointed in the outcome for OV101, our resources are now squarely focused on a very promising pipeline in rare neurological diseases, including Angelman syndrome.
- Ovid assumes no obligation to update any forward-looking statements contained herein to reflect any change in expectations, even as new information becomes available.\n'