Israel-Based RedHill's Investigational COVID-19 Treatment Shows Encouraging Action In Obesity And Diabetes
Portfolio Pulse from Vandana Singh
RedHill Biopharma Ltd. (NASDAQ:RDHL) announced promising results from studies on opaganib, a potential treatment for obesity and diabetes. The studies, conducted with Apogee Biotechnology, showed opaganib's effectiveness in reducing weight gain and improving glucose tolerance in high-fat diet models. This suggests opaganib's potential for treating obesity-related disorders. RDHL stock rose 28.8% in premarket trading.
August 19, 2024 | 12:56 pm
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RedHill Biopharma's opaganib has shown potential in treating obesity and diabetes, leading to a 28.8% increase in RDHL stock during premarket trading. The studies highlight opaganib's ability to reduce weight gain and improve glucose tolerance, suggesting its potential for treating obesity-related disorders.
The positive study results for opaganib in treating obesity and diabetes have directly influenced RDHL's stock price, causing a significant increase. This suggests strong investor confidence in the potential of opaganib as a treatment, which is critical for RedHill's future prospects.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100