This is the company’s drug candidate for the treatment of Oral Lichen Planus (OLP). That’s a chronic inflammatory condition that affects more than 6 million Americans and lacks a Food and Drug Administration (FDA)-approved treatment.
Lipella Pharmaceuticals notes that the clinical trial is now underway. That comes after it recruited patients across multiple site locations. It’s also screening more patients to take part in the study.
Lipella Pharmaceuticals CEO Dr. Jonathan Kaufman said the following about the news.
“We are very pleased with the rapid pace of site activation, and the enrollment of our initial patients marks a pivotal milestone for both the company and the patient community suffering from this debilitating condition. This achievement reinforces our mission to redefine treatment paradigms for Oral Lichen Planus.”
LIPO Stock Movement Today
With today’s news comes heavy trading of LIPO shares. That has more than 41 million units changing hands as of this writing. To put that in perspective, its daily average trading volume is about 46,000 shares.
LIPO stock is up 145.8% as of Monday morning.
We have all of the hottest stock market news traders need to know about on Monday! Among that is what has shares of Planet Image (NASDAQ:YIBO) stock up, the biggest pre-market stock movers this morning and more. All of this info is ready to go at the links below!
More Stock Market News for Monday
- Why Is Planet Image (YIBO) Stock Up 53% Today?
- Today's Biggest Pre-Market Stock Movers: 10 Top Gainers and Losers on Monday
- Will the July Jobs Report Trigger a Stock Market Crash on Aug. 2?
On the date of publication, William White did not have (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines.