Ocuphire Pharma shares are trading higher after the company announced its new OPGx-LCA5 Phase 1/2 6-month data demonstrated safety and visual improvement in its early onset regional degeneration. Also, the company will seek a strategic partner to continue the development of APX3330.
Portfolio Pulse from Benzinga Newsdesk
Ocuphire Pharma's shares rose following positive Phase 1/2 trial results for OPGx-LCA5, showing safety and visual improvement. The company is also seeking a strategic partner for further development of APX3330.
October 22, 2024 | 8:40 pm
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Ocuphire Pharma's stock is up due to positive trial results for OPGx-LCA5, indicating safety and visual improvement. The company is also seeking a partner for APX3330 development.
The positive trial results for OPGx-LCA5 are likely to boost investor confidence, leading to a short-term increase in stock price. Additionally, the search for a strategic partner for APX3330 could further enhance future growth prospects.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100