RedHill shares up on further encouraging results in COVID-19

4 October 2021

Following on from Merck & Co’s (NYSE: MRK) share-boosting COVID-19 results from Friday, RedHill Biopharma (Nasdaq: RDHL) saw its stock value jump on Monday based on the results of a therapeutic treatment for the virus.

The Israeli company reported new data from the opaganib global Phase II/III study in hospitalized patients with severe COVID-19 pneumonia, with the results sending RedHill’s share price up by 9% in the first two hours of trading.

These data showed that treatment with oral opaganib versus the placebo-controlled arm resulted in a 62% statistically-significant reduction in mortality as well as statistically-significant improved outcomes in time to room air and median time to hospital discharge in a group of 251 hospitalized, moderately severe COVID-19 patients, comprising 53% of the 475 study participants.

This article is accessible to registered users, to continue reading please register for free. A free trial will give you access to exclusive features, interviews, round-ups and commentary from the sharpest minds in the pharmaceutical and biotechnology space for a week. If you are already a registered user please login. If your trial has come to an end, you can subscribe here.

Try before you buy

Free

7 day trial access

Take a Free Trial

All the news that moves the needle in pharma and biotech
Exclusive features, podcasts, interviews, data analyses and commentary from our global network of life sciences reporters.
Receive The Pharma Letter daily news bulletin, free forever.

Become a subscriber

£820

Or £77 per month

Subscribe Now

Unfettered access to industry-leading news, commentary and analysis in pharma and biotech.
Updates from clinical trials, conferences, M&A, licensing, financing, regulation, patents & legal, executive appointments, commercial strategy and financial results.
Daily roundup of key events in pharma and biotech.
Monthly in-depth briefings on Boardroom appointments and M&A news.
Choose from a cost-effective annual package or a flexible monthly subscription

The Pharma Letter is an extremely useful and valuable Life Sciences service that brings together a daily update on performance people and products. It’s part of the key information for keeping me informed

Chairman, Sanofi Aventis UK