Market Buzz: CDI Trial Outcome Fuels Acurx Pharmaceuticals
- October 02nd, 2023
- 488 views
Shares of Acurx Pharmaceuticals, Inc. (Nasdaq: ACXP) surged by more than 20% in pre-market trading following the company's decision to discontinue its Phase 2b clinical trial of ibezapolstat, its lead antibiotic candidate, designed for the treatment of Clostridioides difficile infection (CDI).
The decision was due to the trial's success, with high clinical cure rates observed across the trial without any safety concerns for both ibezapolstat and the control antibiotic vancomycin.
This achievement has prompted the company to expedite its plans for Phase 3 clinical trials for this first-in-class antibiotic product candidate, which has earned FDA QIDP/Fast Track designation.
$ACXP was trading at $1.81 in pre-market, reflecting a remarkable increase of $0.38 (+26.57%).
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