Outlook Therapeutics shares are trading higher after the company announced it received FDA agreement under a SPA for the NORSE EIGHT clinical trial. Also, the company announced a private placement of up to $172 million to advance ONS-5010.
Portfolio Pulse from Benzinga Newsdesk
Outlook Therapeutics' stock is up following the FDA's agreement under a Special Protocol Assessment (SPA) for the NORSE EIGHT clinical trial. Additionally, the company has announced a private placement worth up to $172 million to fund the advancement of ONS-5010.
January 23, 2024 | 5:09 pm
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POSITIVE IMPACT
Outlook Therapeutics' shares are experiencing an uptick due to the FDA's SPA for the NORSE EIGHT trial and a significant private placement aimed at advancing ONS-5010.
The FDA's agreement under a SPA is a positive regulatory milestone for Outlook Therapeutics, indicating a smoother path forward for the NORSE EIGHT clinical trial. The private placement of $172 million provides substantial financial resources to advance ONS-5010, potentially leading to positive developments in the company's pipeline. These factors are likely to be viewed favorably by investors, leading to a short-term positive impact on the stock price.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100