Aridis Pharmaceuticals shares are trading higher after EMA announced positive feedback on the company's proposed Phase 3 study AR-301 for pneumonia caused by Gram-positive bacteria Staphylococcus aureus in mechanically ventilated hospitalized patients.
Portfolio Pulse from Benzinga Newsdesk
Aridis Pharmaceuticals' shares are trading higher following positive feedback from the European Medicines Agency (EMA) on the company's proposed Phase 3 study AR-301 for pneumonia caused by Staphylococcus aureus in mechanically ventilated hospitalized patients.
July 18, 2023 | 10:12 am
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POSITIVE IMPACT
Aridis Pharmaceuticals' stock is trading higher due to positive feedback from EMA on the company's proposed Phase 3 study AR-301 for pneumonia.
The positive feedback from EMA on Aridis Pharmaceuticals' proposed Phase 3 study AR-301 for pneumonia is a significant development for the company. This news is likely to boost investor confidence in the company's research and development capabilities, leading to an increase in the company's stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100