What's Going On With Theriva Biologics Stock?
Portfolio Pulse from Erica Kollmann
Theriva Biologics (AMEX:TOVX) shares are trading higher due to recent positive developments, including FDA's Rare Pediatric Drug Designation for VCN-01 and a new patent allowance. A reverse stock split has also contributed to price volatility.
August 30, 2024 | 4:18 pm
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Theriva Biologics shares are up due to FDA's Rare Pediatric Drug Designation for VCN-01 and a new patent allowance. The reverse stock split has reduced the float, increasing price volatility.
The FDA's Rare Pediatric Drug Designation is a significant regulatory milestone that can enhance the company's market position and investor sentiment. The new patent allowance further strengthens its intellectual property portfolio. The reverse stock split has reduced the number of shares available, which can lead to increased volatility and potentially higher prices as demand outstrips supply.
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