Edgewise Therapeutics shares are trading higher after the company announced top-line data of EDG-7500 from the Phase 1 trial in healthy subjects and the single-dose arm of the Phase 2 CIRRUS-HCMtrial in patients with obstructive HCM.
Portfolio Pulse from Benzinga Newsdesk
Edgewise Therapeutics shares rose following the announcement of positive top-line data from their EDG-7500 trials, including a Phase 1 trial in healthy subjects and a Phase 2 trial in patients with obstructive HCM.
September 19, 2024 | 12:20 pm
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Edgewise Therapeutics shares increased after the company reported positive results from their EDG-7500 trials, which included a Phase 1 trial in healthy subjects and a Phase 2 trial in patients with obstructive HCM.
The announcement of positive trial results is a significant milestone for biotech companies, often leading to increased investor confidence and a rise in stock prices. The trials' success suggests potential future revenue from EDG-7500, positively impacting Edgewise Therapeutics' market position.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100