Updates
** Shares of drugmaker Roivant Sciences ROIV.O rise 12.7% to $15.98
** Roivant and partner Priovant say their once-daily pill, brepocitinib, helped adults with dermatomyositis do better across multiple measures in a year-long late-stage study
** Dermatomyositis is a rare disease that weakens muscles and causes painful skin rashes
** In the 52-week trial, patients taking the 30mg dose showed better overall improvement than those on a placebo, starting as early as week four
** Safety was in line with earlier studies, companies say
** Roivant and Priovant say they plan to file for U.S. approval in the first half of 2026
** Including session's move, ROIV shares up ~33% YTD
(Reporting by Padmanabhan Ananthan)
((Padmanabhan.Ananthan@thomsonreuters.com))