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Acorda is down 6%, Auxilium is down 35%, Dendreon is down 27%, and Momenta is down 30%.
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This piece was written by Ron Cohen, the chief executive of Acorda Therapeutics.
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Ampyra, a pill approved to help patients with multiple sclerosis walk, has put Acorda Therapeutics in the small club of profitable biotechnology companies.
FORBES: Drug That Helps Multiple Sclerosis Patients Walk May Also Aid Stroke Victims
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Acorda's drug, Fampridine-SR, works differently from dirucotide and specifically addresses one of the most devastating symptoms of the disease, loss of muscle strength.
FORBES: Two Steps Forward
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The results will need to confirmed in a much bigger clinical trial, the design of which Acorda will need to discuss with the Food and Drug Administration.
FORBES: Drug That Helps Multiple Sclerosis Patients Walk May Also Aid Stroke Victims
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Acorda is also examining Ampyra for use in cerebral palsy.
FORBES: Drug That Helps Multiple Sclerosis Patients Walk May Also Aid Stroke Victims
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Cohen founded Acorda Therapeutics, Inc. in 1995.
FORBES: How The U.S. Can Attract Biotech Firms By Imitating China