Palisade Bio shares are trading higher after the company requested the withdrawal of a recently filed registration statement. Also, the company announced preclinical data of its lead program PALI-2108 at the 2024 Crohn's & Colitis Congress.
Portfolio Pulse from Benzinga Newsdesk
Palisade Bio's stock price increased following their request to withdraw a recently filed registration statement. Additionally, the company presented positive preclinical data for PALI-2108, their lead program, at the 2024 Crohn's & Colitis Congress.
January 29, 2024 | 2:19 pm
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POSITIVE IMPACT
Palisade Bio's stock is experiencing an uptick after the withdrawal of a registration statement and the announcement of encouraging preclinical data for their lead program PALI-2108.
The withdrawal of the registration statement may be seen as a positive move by investors, possibly indicating a strategic pivot or avoidance of dilution. The announcement of positive preclinical data for PALI-2108 at a reputable congress could increase investor confidence in the company's pipeline, potentially leading to a short-term increase in stock price.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100