Starpharma shares up 9% on vaginal disorder trial results
The share price of Australian biotech Starpharma (ASX: SPL) soared by 9% to A$0.83 on Monday on news of the company’s successful Phase III trial results of VivaGel BV for the prevention of recurrent bacterial vaginosis (rBV).
Starpharma’s two studies achieved their primary objective demonstrating statistically-significant superiority compared to placebo in preventing rBV based on topline data.
The company intends to submit a marketing application to the US Food and Drug Administration (FDA) for VivaGel BV for the prevention of rBV based on these results.
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