Targacept Depression Drug Hits the Mark

Stock quotes in this article: TRGT , FRX  

One patient reported a seizure that was deemed by investigators to be related to either Celexa or TC-5214.

Targacept said it was actively seeking a partner to further the development of TC-5214, with phase III studies to start in the second quarter 2010.

Targacept shares were up 87.3% to $5.73 in recent trading.

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Adam Feuerstein writes regularly for TheStreet.com. In keeping with TSC's editorial policy, he doesn't own or short individual stocks, although he owns stock in TheStreet.com. He also doesn't invest in hedge funds or other private investment partnerships. Feuerstein appreciates your feedback; click here to send him an email.

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