Alder Biopharma Announces Second Quarter 2017 Financial And Operating Results
BOTHELL, Wash., Aug. 08, 2017 (GLOBE NEWSWIRE) -- Alder BioPharmaceuticals, Inc. (NASDAQ:ALDR), a clinical-stage biopharmaceutical company developing monoclonal antibody therapeutics, today announced financial results for the second quarter ended June 30, 2017, and provided a corporate update.
"Migraine is a debilitating disease in which current preventative treatment options fail to meet the needs of severe migraine patients. There is a significant market need for new effective treatment options that we believe can be served by eptinezumab, our investigational migraine prevention candidate and one of a new class of anti-CGRP migraine treatments in development," said Randall C. Schatzman, Ph.D., president and chief executive officer of Alder.
"Migraine is a debilitating disease in which current preventative treatment options fail to meet the needs of severe migraine patients. There is a significant market need for new effective treatment options that we believe can be served by eptinezumab, our investigational migraine prevention candidate and one of a new class of anti-CGRP migraine treatments in development," said Randall C. Schatzman, Ph.D., president and chief executive officer of Alder.