Plus   Neg

Stock Alert: OptiNose Up 17%

Shares of OptiNose, Inc. (OPTN) jumped over 17% on Tuesday morning after pharmaceutical company announced an anti-COVID-19 product candidate.

OPTN is currently trading at $7.56, up $1.14 or 17.76%, on the Nasdaq.

Optinose initiated the development of a new product candidate, OPN-019, which combined with the company's nasal Exhalation Delivery System (EDS) technology with an antiseptic is expected to kill the virus that causes COVID-19.

The company said it expects to be able to rapidly progress to a meeting with FDA to discuss an IND and then onward to clinical trials, as components of the drug-device combination product candidate, including both the active drug and delivery device, are currently commercially available in the U.S.

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
Samsung Electronics Co Ltd (SMSN.L, SSNNF.OB, SSNLF.OB) expects that its second-quarter operating profit will rise about 22.73 percent from last year, due to increasing demand for server chips as countries around the world adopt work-from-home measures during the coronavirus pandemic. But, it projects sales will decrease 7.36 percent. Ford plans to bring back the Bronco as a dedicated off-road brand when it launches an all-new 4x4 SUV lineup on July 13. The automaker said it will introduce an all-new Bronco brand under the tagline, "Built Wild". The new lineup includes two-door and four-door models of the Bronco as well as the Bronco Sport compact SUV. J. M. Smucker Co. is recalling certain Natural Balance canned cat food, citing health concerns likely associated with increased levels of choline chloride, an animal growth promotant, the U.S. Food and Drug Administration said in a statement. The recall was initiated after receiving reports of adverse reactions.
Follow RTT