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Wednesday, September 27, 2023

4D pharma plc (LBPS) Stock Rocketing in Premarket, Here’s Why

 4D pharma plc (LBPS), a company engaged in developing biotherapeutic products, has rocketed 28.51% in the premarket trading session. Consequently, LBPS stock was trading at $6 when last checked. During Tuesday’s regular trading session, the stock soared by 7.33% to close the day at $4.67. The stock is on a consistent increase owing to the announcement of positive results of the study.

LBPS Announced Results for Phase I/II Study of MRx0518 and KEYTRUDA

Hours ago, LBPS announced the positive interim results for the phase I/II study of the combination of MRx0518 and KEYTRUDA®. KEYTRUDA is used in patients having solid tumours which progress on ICI. The study was conducted in pre-treated metastatic patients having solid tumours and alongside, also having experienced benefit on prior ICI therapy. MSD is serving as the collaborator for the study.

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FDA Clearance for MRx0005 and MRx0029

In late February, LBPS reported that FDA had cleared the ND applications for two of its products, MRx0005, and MRx0029. The products are used for treating Parkinson’s. The company intended to commence the Phase I clinical trial in mid of 2022 in patients suffering from Parkinson’s.

Clinical Data for Phase I/II trial of MRx-4DP0004

In January, LBPS announced the additional clinical data from Part A of its Phase I/II trial of MRx-4DP0004. MRx-4DP0004 is a single strain biotherapeutic that is used for treating asthma. The Phase I/II trial was a placebo-controlled study meant for patients having partly controlled asthma and were taking long-term medication. The primary endpoint of part-A was the evaluation and tolerability of the product. The secondary endpoint evaluated clinical activity.

What’s in Store for LBPS?

Looking ahead, analysts are of the view that despite its existence in a wide falling trend, LBPS tock holds several positive signals at the moment. Hence, it is expected to perform well in the upcoming few weeks. Therefore, investors should consider it a buy candidate for the time being.

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