PSTV Stock Skyrockets on FDA's Orphan Drug Tag for Cancer Therapy
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Plus Therapeutics' stock (PSTV) surged after the FDA granted Orphan Drug status to its investigational cancer therapy, rhenium (186Re) obisbemeda, for treating leptomeningeal metastases in lung cancer patients.
March 07, 2025 | 5:15 pm
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Plus Therapeutics' stock surged due to the FDA granting Orphan Drug status to its cancer therapy, potentially increasing its market value and investor interest.
The FDA's Orphan Drug designation is significant as it provides benefits like market exclusivity and tax credits, which can enhance the drug's commercial potential. This news likely increased investor confidence, leading to a stock price surge.
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