Iterum Therapeutics shares are trading higher after the FDA approved the company's new drug application for ORLYNVAH for the treatment of uncomplicated urinary tract infections.
Portfolio Pulse from Benzinga Newsdesk
Iterum Therapeutics' shares rise following FDA approval of ORLYNVAH for treating uncomplicated urinary tract infections.
October 25, 2024 | 3:17 pm
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POSITIVE IMPACT
Iterum Therapeutics' stock is trading higher after receiving FDA approval for ORLYNVAH, a treatment for uncomplicated urinary tract infections.
FDA approval is a significant milestone for pharmaceutical companies, often leading to increased investor confidence and stock price appreciation. The approval of ORLYNVAH is likely to enhance Iterum's market position and revenue potential, driving the stock price up in the short term.
CONFIDENCE 100
IMPORTANCE 90
RELEVANCE 100