Nasdaq Gains Over 50 Points; First Wave BioPharma Shares Spike Higher
Portfolio Pulse from Lisa Levin
US stocks traded higher with Nasdaq Composite gaining over 50 points. IperionX Limited (IPX) shares rose 116% after agreeing to supply titanium components for Ford Motor Company. First Wave BioPharma (FWBI) shares spiked 78% after achieving its enrollment target for its Phase 2 SPAN trial.
June 13, 2023 | 6:44 pm
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POSITIVE IMPACT
First Wave BioPharma shares spiked 78% after achieving its enrollment target for its adrulipase Phase 2 SPAN trial for exocrine pancreatic insufficiency in cystic fibrosis patients.
First Wave BioPharma's achievement of its enrollment target for the Phase 2 SPAN trial is a positive milestone for the company. This progress in the trial indicates potential success in the development of its adrulipase treatment, which could lead to increased investor interest and a positive impact on its stock price in the short term.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100
POSITIVE IMPACT
IperionX shares rose 116% after agreeing to supply titanium components for Ford Motor Company using its unique 100% recycled, low-carbon titanium metal.
IperionX's agreement with Ford to supply titanium components using its unique 100% recycled, low-carbon titanium metal is a significant development for the company. This deal will likely lead to increased revenue and growth, positively impacting its stock price in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100