StockNews.AI • 381 days
Orexo AB (publ.), (STO: ORX) (OTCQX: ORXOY), today announces positive topline results from the clinical study OX640-002. The study evaluated the...
Original sourceOrexo's OX640 shows rapid epinephrine absorption in allergic rhinitis patients. Topline data indicates OX640's efficacy exceeds intramuscular injection. No severe adverse events reported during the clinical study. OX640's formulation supports regulatory approval for anaphylaxis treatment. Current sales reached SEK 639 million in 2023.
Positive clinical study results bolster market confidence, likely boosting ORXOY's stock value.
Successful regulatory approval of OX640 could yield sustained revenue growth similar to previous successful product launches.
The article discusses clinical success and potential for regulatory approval, which directly influences ORXOY's market position.