Gossamer Bio shares are trading higher after competitor Aerovate Therapeutics reported topline results from the Phase 2b portion of IMPAHCT trial of AV-101 for pulmonary arterial hypertension.
Portfolio Pulse from Benzinga Newsdesk
Gossamer Bio shares are trading higher following positive topline results from Aerovate Therapeutics' Phase 2b IMPAHCT trial of AV-101 for pulmonary arterial hypertension.
June 17, 2024 | 4:00 pm
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POSITIVE IMPACT
Aerovate Therapeutics reported positive topline results from the Phase 2b portion of the IMPAHCT trial of AV-101 for pulmonary arterial hypertension.
The positive Phase 2b results for AV-101 are a significant milestone for Aerovate Therapeutics, likely boosting investor confidence and stock price.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100
POSITIVE IMPACT
Gossamer Bio shares are trading higher due to positive results from Aerovate Therapeutics' Phase 2b trial of AV-101 for pulmonary arterial hypertension.
The positive results from a competitor's trial indicate a favorable market sentiment towards treatments for pulmonary arterial hypertension, benefiting Gossamer Bio.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80