Fractyl Health shares are trading higher after the company received FDA Device Designation for Revita, aimed at weight maintenance for people with obesity who discontinue GLP-1 based drugs.
Portfolio Pulse from Benzinga Newsdesk
Fractyl Health shares are trading higher after the company received FDA Device Designation for Revita, aimed at weight maintenance for people with obesity who discontinue GLP-1 based drugs.
July 30, 2024 | 11:25 am
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Fractyl Health's stock, trading under the symbol GUTS, is experiencing a rise following the FDA's Device Designation for Revita, a product designed to help with weight maintenance for individuals who stop using GLP-1 based drugs.
The FDA Device Designation is a significant regulatory milestone that can boost investor confidence and potentially lead to increased adoption of Revita, positively impacting Fractyl Health's stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100