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Mass. movers

Schizophrenia treatment shows promise

Richard F. Pops is the chief executive of Alkermes.Alkermes PLC

Alkermes PLC jumped after the company said its treatment for schizophrenia continued to show effectiveness in a midstage study, with patients showing significantly less weight gain, on average, than those using olanzapine, an established antipsychotic drug. The biopharmaceutical plans to request a meeting with US regulators to move its treatment, ALKS 3831, into a late-stage study this year. Alkermes, based in Ireland but with a large campus in Waltham, estimates the treatment could hit the market in 2019.