Centessa Pharmaceuticals shares are trading higher after the company announced interim data from an ongoing Phase 1 trial of ORX750 in acutely sleep-deprived healthy volunteers.
Portfolio Pulse from Benzinga Newsdesk
Centessa Pharmaceuticals' stock is rising following the release of positive interim data from a Phase 1 trial of ORX750, a treatment for acute sleep deprivation.
September 10, 2024 | 11:36 am
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Centessa Pharmaceuticals' shares are trading higher due to positive interim data from a Phase 1 trial of ORX750, which is being tested on acutely sleep-deprived healthy volunteers.
The positive interim data from the Phase 1 trial of ORX750 suggests potential efficacy in treating acute sleep deprivation, which is likely to increase investor confidence and drive the stock price up in the short term.
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IMPORTANCE 80
RELEVANCE 100