Redhill Biopharma And Apogee Biotechnology's Opaganib Selected By U.S. Government's Chemical Medical Countermeasures Program And Chemical Countermeasures Research Program For A Potential Medical Countermeasure Against Inhalation Sulfur Mustard Exposure
Portfolio Pulse from Benzinga Newsdesk
Redhill Biopharma and Apogee Biotechnology's drug, Opaganib, has been selected by the U.S. Government's Chemical Medical Countermeasures Program and Chemical Countermeasures Research Program as a potential countermeasure against inhalation sulfur mustard exposure. This selection could lead to increased funding and support for further development and potential deployment of Opaganib.
March 05, 2024 | 12:21 pm
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Redhill Biopharma's collaboration with Apogee Biotechnology on Opaganib being selected by the U.S. Government programs could lead to increased funding, support, and potentially higher demand for the drug.
The selection of Opaganib by U.S. Government programs indicates a significant endorsement of its potential efficacy and utility. This could lead to increased funding for further development and potential future contracts for deployment, positively impacting Redhill Biopharma's financials and stock price in the short term.
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