RedHill Biopharma Ltd – ADR – (NASDAQ: RDHL)
RedHill Biopharma is having an incredibly strong time in the pre-market trading hours today, and for good reason. The company announced that it has received Orphan Drug Designation. As a result, investor excitement ensued, leading to gains in the value of the stock and prompting our partners at Trade Ideas to alert us of the upward movement. At the moment (8:10), RDHL is trading at $10.00 per share after a gain of 4.60% thus far today.
RDHL Receives Orphan Drug Designation
As mentioned above, RedHill Biopharma is having an incredibly strong morning this morning after announcing that it has received Orphan Drug Designation from the United States Food and Drug Administration. The Orphan Drug Designation has been rewarded for the company’s clinical-stage treatment known as YELIVA(R). YELIVA is designed as a treatment for Cholangiocarcinoma.
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What We’ll Be Watching For Ahead
Moving forward, the CNA Finance team will be keeping a close eye on RDHL. In particular, we’ll be watching for any news associated with the company’s continued work on YELIVA. Considering the positive news coming out today and recent positive results surrounding the treatment, it is looking more and more promising every day.
What Do You Think?
Where do you think RDHL is headed moving forward? Join the discussion in the comments below or on StockTwits!
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