Wednesday, August 8, 2012

Winston-Salem-based Targacept reports profit

Winston-Salem-based Targacept brought in net income of $14.5 million in the second quarter, up from a loss of $2.3 million a year earlier.

In its second-quarter earnings report, the company said it is currently in the midst of three Phase 2 trials and is expecting results from a drug targeting attention deficit/hyperactivity disorder next month. Other trials are aimed at schizophrenia and Alzheimer's disease, and the company is evaluating a potential trial related to Parkinson's disease.

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