Theriva Biologics shares are trading higher after the FDA granted Fast Track Designation to VCN-01.
Portfolio Pulse from Benzinga Newsdesk
Theriva Biologics shares are trading higher after the FDA granted Fast Track Designation to VCN-01.
May 23, 2024 | 12:17 pm
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Theriva Biologics shares are experiencing a rise in value following the FDA's Fast Track Designation for VCN-01.
The FDA's Fast Track Designation is a significant regulatory milestone that can expedite the development and review process of VCN-01, potentially leading to earlier market entry and revenue generation. This positive regulatory news is likely to boost investor confidence and drive the stock price higher in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100