STOCKS NEWS EUROPE-NicOx up as data again backs painkiller

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10:54GMT 10Nov2008-NicOx up as data again backs painkiller

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NicOx (NCOX.PA) shares gain 8 percent as further analysis of clinical studies, presented at the American Heart Association in New Orleans, endorses the benefits of its experimental pain drug naproxcinod.

Piper Jaffray analysts say two scientific abstracts show additional differentiation of naproxcinod versus the older drug naproxen in terms of blood pressure benefits, with the difference proving much more significant in the daytime.

"This further supports our view that the BP (blood pressure) effects of naproxcinod are highly clinically relevant," they say. NicOx already posted sharp gains last week on hopes for naproxcinod. [ID:nnL4565681]

Reuters Messaging rm://ben.hirschler.reuters.com@reuters.net

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