RedHill Stock Skyrockets 127% on a Five-Year FDA Exclusivity Grant

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RedHill Stock Skyrockets 127% on a Five-Year FDA Exclusivity Grant

seekingalpha2023-11-27

U.S.-listed shares of RedHill Biopharma on Monday nearly doubled in value ahead of the opening bell, after the company got a regulatory grant of five-year market exclusivity for its drug Talicia.RDHL ...

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RDHL stock soared 96.5% to $0.62 in pre-market trading. The U.S. Food and Drug Administration  granted five years' market exclusivity for Talicia under the Generating Antibiotic Incentives Now Act Qualified Infectious Disease Product designation, RDHL said in a statement.  The grant in on top of the three years' exclusivity which came with the approval of Talicia. Talicia is indicated for the treatment of Helicobacter pylori infection in adults, which is a common type of bacterial infection that attacks the lining in the stomach. \"Talicia is protected by its broad intellectual property suite to 2034,\" Redhill Biopharma  added.   More on RedHill  Financial information for RedHill RedHill Biopharma receives approval to transfer its listing to the Nasdaq Capital Market","collect":0,"end_time":0,"defaultTopTitle":"seekingalpha.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"RDHL":"Redhill Biopharma Ltd"},"translate_title":"红山股票在FDA五年独家授权下暴涨127%","themeId":"c5bbfdf5f7964880af97c1d6f417052c","isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"RDHL":1},"content_text":"U.S.-listed shares of RedHill Biopharma on Monday nearly doubled in value ahead of the opening bell, after the company got a regulatory grant of five-year market exclusivity for its drug Talicia.RDHL stock soared 127.45% to $0.72 in pre-market trading.The U.S. Food and Drug Administration (FDA) granted five years' market exclusivity for Talicia under the Generating Antibiotic Incentives Now Act Qualified Infectious Disease Product designation, RDHL said in a statement.The grant in on top of the three years' exclusivity which came with the approval of Talicia.Talicia is indicated for the treatment of Helicobacter pylori infection in adults, which is a common type of bacterial infection that attacks the lining in the stomach.\"Talicia is protected by its broad intellectual property suite to 2034,\" Redhill Biopharma (RDHL) added.","kind":null,"is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"hasMoreComments":false,"newsSizeData":{"likeSize":11,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false}}