Why Hoth Therapeutics Shares Are Rising Today

Hoth Therapeutics, Inc. HOTH shares are trading higher after the company announced the expansion of its FDA-cleared first-in-human clinical trial for cancer patients of HT-001 at the University of Miami.

This First-in-Human (FIH) Phase 2a clinical trial of HT-001 for the treatment of skin toxicities associated with Epidermal Growth Factor Receptor Inhibitors (EGFRi). 

This clinical trial is a randomized, placebo-controlled, parallel Phase 2a dose-ranging study to investigate the efficacy, safety, and tolerability of topical HT-001 for the treatment of skin toxicities associated with EGFRi.

"Coupled with approval at Washington University of St. Louis and MD Anderson Cancer Center, University of Miami will be our third site approved to host our trial and bring hope to cancer patients suffering from skin toxicities associated with EGFRi treatments," said Hoth Therapeutics Chief Executive Officer, Robb Knie.

The company said it will update investors and patients on this ongoing trial in the first quarter of 2024.

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Price Action: HOTH shares are trading higher by 8.82% to $1.48 on the last check Wednesday.