Pharvaris Provides Business Update, Outlines 2024 Strategic Priorities; Expects To Initiate RAPIDe-3 Phase 3 Study Of Deucrictibant For On-Demand Hereditary Angioedema Treatment Within 1H24
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Pharvaris has provided a business update and outlined its strategic priorities for 2024. The company plans to initiate the RAPIDe-3 Phase 3 study of Deucrictibant, a treatment for on-demand hereditary angioedema, within the first half of 2024.
January 05, 2024 | 11:54 am
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Pharvaris is set to initiate a Phase 3 study for Deucrictibant, which could be a significant milestone for the company's pipeline and future revenue prospects.
The initiation of a Phase 3 study is a critical step in drug development, often leading to increased investor confidence if the drug has shown promise in earlier trials. As Deucrictibant is aimed at treating hereditary angioedema, a successful trial could position Pharvaris to capture a share of this market, potentially leading to increased stock value in the short term.
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