InflaRx shares are trading higher after the company reported topline results from the multiple ascending dose Phase 1 study with C5aR inhibitor INF904.
Portfolio Pulse from Benzinga Newsdesk
InflaRx shares have risen following the announcement of positive topline results from their Phase 1 study of C5aR inhibitor INF904.
January 04, 2024 | 4:34 pm
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POSITIVE IMPACT
InflaRx's stock price is experiencing an upswing due to the positive outcomes of the Phase 1 study for their C5aR inhibitor INF904.
The positive results from the Phase 1 study of INF904 are a significant milestone for InflaRx, likely leading to increased investor confidence and potential future investment in the company's drug development pipeline. This news directly impacts the company's valuation and prospects, hence the positive short term impact on the stock price.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100