Israel-Based Penny Stock RedHill Biopharma Is Trading Higher Today - Here's Why?
Portfolio Pulse from Vandana Singh
RedHill Biopharma Ltd's shares are trading higher after the company announced that its oral opaganib shows a significant increase in survival time in a U.S. Army-funded in vivo Ebola virus study. The study results showed a statistically significant survival increase in the 150 mg/kg opaganib group compared to the inactive vehicle control group. The company's shares are up 16.30% at $0.52 during the premarket session.
October 03, 2023 | 1:06 pm
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RedHill Biopharma's stock is trading higher due to positive results from an Ebola virus study involving its oral opaganib. The stock is up 16.30% in premarket trading.
The positive results from the Ebola virus study involving RedHill Biopharma's oral opaganib have led to an increase in the company's stock price. This is because such results often lead to increased investor confidence in the company's ability to develop effective treatments, which can drive up demand for the company's stock.
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IMPORTANCE 80
RELEVANCE 100