InflaRx Shares Rise 12% After Regulators Favor Authorization of Gohibic

Dow Jones11-15

By Denny Jacob

InflaRx shares rose 12% in premarket trading after regulators issued a positive opinion recommending marketing authorization of Gohibic.

Shares on Friday were trading around $2.27. The stock is up 25% on the year.

The biopharmaceutical company said the Committee for Medicinal Products for Human Use of the European Medicines Agency adopted a positive opinion for Gohibic under exceptional circumstances to treat adults with SARS-CoV-2-induced acute respiratory distress syndrome who are receiving systemic corticosteroids and invasive mechanical ventilation.

InflaRx plans to commercialize the product in Europe under its proprietary brand name of Gohibic.

Write to Denny Jacob at denny.jacob@wsj.com

(END) Dow Jones Newswires

November 15, 2024 08:30 ET (13:30 GMT)

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