Why Is Apellis Pharmaceuticals Stock Shooting Higher Today?
Portfolio Pulse from Vandana Singh
Apellis Pharmaceuticals Inc (NASDAQ:APLS) released an update on its Syfovre treatment for geographic atrophy, including information about injection kits and rare events of retinal vasculitis associated with the treatment. The company has identified structural variations in a component of the injection kits but found no direct link to the rare retinal vasculitis. Apellis advises practitioners to discontinue using certain injection kits and has transitioned to distributing kits with a different filter needle. Despite over 100,000 vials being distributed, the incidence of these events remains very low.
August 23, 2023 | 1:31 pm
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Apellis Pharmaceuticals released an update on its Syfovre treatment, identifying structural variations in injection kits but no direct link to rare retinal vasculitis. The company has transitioned to distributing kits with a different filter needle. The incidence of these events remains very low despite over 100,000 vials being distributed.
The news is directly related to Apellis Pharmaceuticals and its product, Syfovre. The company's proactive measures to ensure patient safety and the low incidence of adverse events despite the large number of vials distributed could positively impact investor sentiment, potentially driving the stock price up in the short term.
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