Pharvaris shares are trading higher after the company announced the FDA lifted the clinical hold on the IND application for deucrictibant for the prophylactic treatment of HAE attacks following review of data from a 26-week rodent toxicology study.
Portfolio Pulse from Benzinga Newsdesk
Pharvaris shares have risen following the FDA's decision to lift the clinical hold on the IND application for deucrictibant, a prophylactic treatment for HAE attacks. This decision came after a review of data from a 26-week rodent toxicology study.
January 22, 2024 | 2:12 pm
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POSITIVE IMPACT
Pharvaris shares are experiencing an upswing due to the FDA lifting the clinical hold on deucrictibant, indicating progress in its development pipeline for HAE treatment.
The lifting of the FDA's clinical hold on Pharvaris's IND application for deucrictibant is a significant positive development for the company. It suggests that the treatment has a potential path forward in the regulatory process, which can lead to eventual approval and commercialization. This news is likely to be viewed positively by investors, as it reduces regulatory risk and demonstrates progress in the company's product pipeline. The positive data from the toxicology study further supports the potential efficacy and safety of the treatment, which can increase investor confidence in the company's research and development capabilities.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100