Here’s why Bionomics (ASX:BNO) shares were trending on the ASX today


  • Biopharmaceutical company Bionomics Limited will expand its product pipeline for the treatment of Social Anxiety Disorder (SAD).
  • The Company disclosed that the rapid oral absorption of the novel tablet formulation of BNC210 is appropriate for SAD treatment.
  • Bionomics highlighted that Phase 2b Post-Traumatic Stress Disorder (PTSD) trial for BNC210 is on track and set to begin in mid-2021.

Dual-listed clinical-stage healthcare player Bionomics Limited (ASX:BNO, OTCQB:BNOEF) announced that it has decided to evaluate its lead clinical compound, BNC210, to treat SAD.

Source: Copyright © 2021 Kalkine Media Pty Ltd

Let us look at BNO’s announcement in detail-

Bionomics expands its drug pipeline for SAD

Bionomics will expand its product pipeline to treat SAD while the Company remains on track to commence the planned Phase 2b clinical trial in (PTSD) in mid-2021.

The Company disclosed that fast oral absorption of BNC210’s novel tablet formulation is appropriate for treating anxiety in patients suffering from SAD.

The Company announced that the research for SAD would be performed as part of its comprehensive drug pipeline extension plan and based on anti-anxiety efficacy signals in GAD (Generalised Anxiety Disorder) patients.

DO READ: Five penny stocks that are charging higher today

Dr Errol De Souza, Executive Chairman of Bionomics, commented:

Bionomics updated that the production of the drug supply for the clinical trial is progressing well. Besides, tablets for BNC210 and placebo will shortly undergo final packaging, labelling, and testing.

Furthermore, BNC210 Phase 2b PTSD clinical trial is on target to commence in mid-2021 with the US-based contract research organisation (CRO), Premier Research.  

ALSO READ: What is Bionomics’ (ASX:BNO) 7-Day pharmacokinetic clinical trial all about?

Source: © Nastyazhi |

BNC210 in a nutshell

  • BNC210 is a first-in-class negative allosteric modulator of α7 nicotinic acetylcholine receptor.
  • It is currently under development for the treatment of anxiety and other stressor-related conditions.
  • In November 2019, BNC210 obtained Fast Track designation by the US FDA (Food and Drug Administration) for PTSD treatment.

On 10 May 2021, BNO shares last traded at AU$0.230, down 4.167%. The market capitalisation of the Company stood at AU$240.88 million.

A few ASX healthcare shares that were trending on the ASX today include Oneview Healthcare PLC (ASX:ONE), Paragon Care Limited (ASX:PGC), Nanollose Limited (ASX:NC6), and Invion Limited (ASX:IVX).

ALSO READ: Market Outlook: Four key things to watch out for this week

The content, including but not limited to any articles, news, quotes, information, data, text, reports, ratings, opinions, images, photos, graphics, graphs, charts, animations and video (Content) is a service of Kalkine Media Pty Ltd (Kalkine Media, we or us), ACN 629 651 672 and is available for personal and non-commercial use only. The principal purpose of the Content is to educate and inform. The Content does not contain or imply any recommendation or opinion intended to influence your financial decisions and must not be relied upon by you as such. Some of the Content on this website may be sponsored/non-sponsored, as applicable, but is NOT a solicitation or recommendation to buy, sell or hold the stocks of the company(s) or engage in any investment activity under discussion. Kalkine Media is neither licensed nor qualified to provide investment advice through this platform. Users should make their own enquiries about any investments and Kalkine Media strongly suggests the users to seek advice from a financial adviser, stockbroker or other professional (including taxation and legal advice), as necessary. Kalkine Media hereby disclaims any and all the liabilities to any user for any direct, indirect, implied, punitive, special, incidental or other consequential damages arising from any use of the Content on this website, which is provided without warranties. The views expressed in the Content by the guests, if any, are their own and do not necessarily represent the views or opinions of Kalkine Media. Some of the images/music that may be used on this website are copyright to their respective owner(s). Kalkine Media does not claim ownership of any of the pictures displayed/music used on this website unless stated otherwise. The images/music that may be used on this website are taken from various sources on the internet, including paid subscriptions or are believed to be in public domain. We have used reasonable efforts to accredit the source wherever it was indicated as or found to be necessary.
We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it. OK