Why Are Adial Pharmaceuticals Shares Soaring Today
Portfolio Pulse from Vandana Singh
Adial Pharmaceuticals Inc's shares are trading higher after the company provided a summary of feedback from recent meetings with U.S. and EU regulators and an update on its clinical development plan. The regulators confirmed the primary U.S. endpoint and acknowledged the results from the Phase 2 and Phase 3 post hoc analysis. The FDA agreed to Adial's plan to comply with ICH E1A by adding a long-term safety follow-up to the planned Phase 3 trial. The company expects to register AD04 with the FDA in Q3 of 2025, with an approximate cost of $25 million.

July 11, 2023 | 4:48 pm
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Adial Pharmaceuticals' shares are trading higher after positive feedback from regulators and an update on its clinical development plan. The company expects to register AD04 with the FDA in Q3 of 2025.
The positive feedback from regulators and the update on the clinical development plan have boosted investor confidence in Adial Pharmaceuticals, leading to a rise in its share price. The company's plan to register AD04 with the FDA in Q3 of 2025 also provides a clear timeline for investors, further boosting confidence.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100