RedHill's oral opaganib reduces mortality from severe COVID-19 by 70%

7 February 2022

Israeli drug developer RedHill Biopharma (Nasdaq: RDHL) shares were down 5.5% at $2.39 by late-morning New York trading despite announcing encouraging results from two recently completed prespecified analyses from the oral opaganib (ABC294640) Phase II/III study in hospitalized severe COVID-19.

The first analysis showed that opaganib significantly reduced mortality when given to patients who received remdesivir and corticosteroids, the best available standard-of-care (SoC) for hospitalized patients.

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