Greenwich LifeSciences soars, as FDA lifts Phase III clinical hold
US biopharma company Greenwich LifeSciences (Nasdaq: GLSI), which is focused on the development of GLSI-100, announced that the Food and Drug Administration (FDA) has removed the clinical hold permitting the Flamingo-01 Phase III clinical trial to proceed.
GLSI-100 is an immunotherapy under development to prevent breast cancer recurrences in patients who have previously undergone surgery.
Shares of Greenwich closed up 39% at $11.98 a share on Tuesday, but the stock is still down almost 50% so far this year and over 73% over the past 12 months.
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