Spero Therapeutics Expects To Provide Phase 2a Topline Proof Of Concept Data From SPR720 Program; Co. Also Initiated Dosing In PIVOT-PO Phase 3 Trial And Is Entitled To Receive $95M In Milestones As Part Of License Agreement
Portfolio Pulse from Benzinga Newsdesk
Spero Therapeutics has announced that it will soon provide Phase 2a topline proof of concept data for its SPR720 program. Additionally, the company has begun dosing in its PIVOT-PO Phase 3 trial. Spero is also set to receive $95 million in milestone payments as part of a licensing agreement.
January 05, 2024 | 1:11 pm
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Spero Therapeutics is expected to release important Phase 2a data for SPR720 and has initiated its Phase 3 PIVOT-PO trial, with potential revenue of $95M from milestones.
The anticipation of positive Phase 2a data could lead to increased investor confidence and a potential stock price increase. The initiation of the Phase 3 trial demonstrates progress in Spero's pipeline, which could further bolster the stock. The $95 million in milestone payments is a significant financial incentive that could improve the company's revenue outlook and is likely to be viewed positively by investors.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100