What's Happening With RedHill Biopharma's Stock On Tuesday?

  • RedHill Biopharma Ltd RDHL announced preliminary top-line data from Phase 2/3 study evaluating opaganib in hospitalized patients with severe COVID-19 pneumonia.
  • Read Next: RedHill Biopharma To Test Upamostat In COVID-19 Patients In South Africa.
  • Data from 475 patients showed that the study did not meet its primary endpoint, though efficacy endpoints did show trends in favor of the opaganib arm vs. placebo. 
  • The primary endpoint was the proportion of patients breathing room air without oxygen support by Day 14. Top-line safety data showed good tolerability of opaganib.
  • RedHill intends to examine the data in greater detail. It says that the preliminary analysis points to increased benefit in a subset of patients requiring less oxygen and supports the potential utilization of opaganib in earlier stages of the disease.
  • Opaganib is a novel small molecule investigational drug in oral pill form, with a dual antiviral and anti-inflammatory mechanism of action.
  • Related Link: RedHill Biopharma's Oral COVID-19 Candidate Shows Preclinical Action Against Delta Variant.
  • Price Action: RDHL shares are down 37% at $4.65 during the premarket session on the last check Tuesday.
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RDHLRedhill Biopharma Ltd
$1.73-1.70%

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