Reviva Pharmaceuticals Holdings shares are trading higher after the company announced that it will present RECOVER Phase 3 clinical trial data for brilaroxazine in schizophrenia at the ASCPT 2024 annual meeting.
Portfolio Pulse from Benzinga Newsdesk
Reviva Pharmaceuticals Holdings, Inc. (RVPH) shares surged following the announcement that it will present Phase 3 clinical trial data for its schizophrenia treatment, brilaroxazine, at the ASCPT 2024 annual meeting.
March 26, 2024 | 4:23 pm
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Reviva Pharmaceuticals Holdings, Inc. (RVPH) shares are expected to experience a short-term positive impact due to the announcement of presenting Phase 3 clinical trial data for brilaroxazine at the ASCPT 2024.
The announcement of presenting Phase 3 clinical trial data for a potential schizophrenia treatment at a significant annual meeting is a positive development for Reviva Pharmaceuticals. It suggests confidence in the trial results and potential for future regulatory approval and market entry, which can positively influence investor sentiment and stock price in the short term.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100