Why Are Better Therapeutics Shares Gaining Today?
Portfolio Pulse from Vandana Singh
Better Therapeutics Inc's (NASDAQ:BTTX) shares are trading higher after the FDA approved AspyreRx, a prescription-only digital treatment for type 2 diabetes. The product is expected to launch in Q4 2023. The approval was based on a trial involving 668 participants, which showed significant decreases in HbA1c levels. The company's shares are up 45.60% at $1.31.
July 11, 2023 | 1:40 pm
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POSITIVE IMPACT
Better Therapeutics' shares surged after the FDA approved its digital treatment for type 2 diabetes. The product is expected to launch in Q4 2023, which could further boost the company's performance.
The FDA approval of Better Therapeutics' digital treatment for type 2 diabetes is a significant milestone for the company. This approval not only validates the company's product but also opens up a potentially large market for it. The positive trial results further add to the potential success of the product. The surge in the company's share price reflects the market's positive reaction to this news.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100