Lipella gets initial boost from top-line results of Phase IIb LP-10 trial
Pittsburgh, USA-based clinical-stage biotech Lipella Pharmaceuticals’ (Nasdaq: LIPO) shares rose as much as 76% to $5.48, after it announced positive trial results with its bladder disease candidate.
However, the stock drifted back, closing just 18% higher at $3.67. The stock, which had its initial public offering on December 20, hit its low of $2.87 on January 3, Morningstar noted.
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