Athira Pharma Advances ALS Drug with Successful Phase 1 Trial in Healthy Volunteers
Portfolio Pulse from Benzinga Newsdesk
Athira Pharma (NASDAQ:ATHA) has successfully completed the first cohort of its Phase 1 clinical trial for ATH-1105, a drug aimed at treating ALS. The trial involved healthy volunteers and is a significant step in the drug's development.
June 11, 2024 | 11:03 am
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Athira Pharma has successfully completed the first cohort of its Phase 1 trial for ATH-1105, a drug for ALS. This milestone could positively impact the stock price as it shows progress in their drug development pipeline.
The successful completion of the first cohort in a Phase 1 trial is a significant milestone for any biopharmaceutical company. It indicates that the drug is progressing well through the clinical trial phases, which can boost investor confidence and potentially lead to a short-term increase in stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100