Rallybio Highlights Portfolio Advances And Outlines Expected Milestones In 2024; Phase 2 Study For RLYB212 Expected In 2H 2024
Portfolio Pulse from Benzinga Newsdesk
Rallybio Corporation has announced progress in its portfolio and outlined key milestones for 2024, including the initiation of a Phase 2 study for RLYB212 in the second half of 2024. The company also plans to update on Phase 2 discussions with the European Medicines Agency for RLYB212 in the first half of 2024. Additionally, Rallybio has extended its cash runway into the third quarter of 2025.
January 04, 2024 | 1:06 pm
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Rallybio Corporation is set to begin a Phase 2 study for RLYB212 in the latter half of 2024 and will provide an update on discussions with the European Medicines Agency in the first half of 2024. The company has also successfully extended its cash runway into Q3 2025.
The announcement of the upcoming Phase 2 study for RLYB212 and the extended cash runway are positive indicators for Rallybio's future prospects and financial stability. These developments are likely to be viewed favorably by investors, potentially leading to a short-term increase in Rallybio's stock price. The update on regulatory discussions with the EMA also adds to the positive outlook, as it may pave the way for future market approval in Europe.
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