Cardiol Therapeutics shares are trading higher after the FDA granted an Orphan Drug Designation for the company's lead drug candidate for the treatment of pericarditis.
Portfolio Pulse from Benzinga Newsdesk
Cardiol Therapeutics' stock is trading higher following the FDA's Orphan Drug Designation for its lead drug candidate aimed at treating pericarditis.
February 15, 2024 | 6:00 pm
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Cardiol Therapeutics' shares are experiencing an uptick after receiving Orphan Drug Designation from the FDA for its pericarditis treatment.
The FDA's Orphan Drug Designation is a significant regulatory milestone that can enhance the market exclusivity and development process of Cardiol Therapeutics' lead drug candidate. This designation often leads to increased investor confidence and can significantly impact the company's stock price in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100