RTTNews | Sep 29, 2020 09:53AM EDT

09:53 Tuesday, September 29, 2020 (RTTNews.com) - Shares of Myovant Sciences Ltd. (MYOV) are losing more than 24 percent or $5.15 in Tuesday's morning trade at $15.94.

Tuesday, Myovant Sciences announced results of an additional secondary endpoint from the Phase 3 HERO study evaluating Relugolix in men with advanced prostate cancer.

According to the company, Relugolix did not achieve statistical superiority for castration resistance-free survival compared to leuprolide acetate in men with metastatic disease through 48 weeks.

In the subgroup of men with metastatic disease treated with relugolix, 74 percent were castration-resistance free through 48 weeks, compared to 75 percent men treated with leuprolide acetate. Castration-resistant prostate cancer is defined by disease progression despite achieving testosterone suppression to castrate levels.

Myovant has traded in a range of $4.14 to $23.04 in the past 52 weeks.

Read the original article on RTTNews ( https://www.rttnews.com/3132269/stock-alert-myovant-sciences-slides-24-on-relugolix-data.aspx)

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