Mereo BioPharma shares are trading higher after the company announced interim Phase 2 Data from the Phase 2/3 Orbit study demonstrating setrusumab significantly reduced fracture rates in patients with Osteogenesis Imperfecta.
Portfolio Pulse from Benzinga Newsdesk
Mereo BioPharma announced interim Phase 2 Data from the Phase 2/3 Orbit study showing that setrusumab significantly reduced fracture rates in patients with Osteogenesis Imperfecta. This news has led to a rise in the company's share prices.
October 16, 2023 | 3:23 pm
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Mereo BioPharma's stock is trading higher after the company announced positive interim Phase 2 data from its Orbit study. The data shows that setrusumab significantly reduced fracture rates in patients with Osteogenesis Imperfecta.
The positive interim data from the Phase 2/3 Orbit study is a significant milestone for Mereo BioPharma. The data shows that setrusumab, the company's drug, has a significant impact on reducing fracture rates in patients with Osteogenesis Imperfecta. This positive news is likely to boost investor confidence in the company, leading to an increase in the company's stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100