Lipella Pharma Soars 48% After FDA Oks IND For LP-310 For Oral Lichen Planus

RTTNews | 580 days ago
Lipella Pharma Soars 48% After FDA Oks IND For LP-310 For Oral Lichen Planus

(RTTNews) - Biotechnology company Lipella Pharmaceuticals Inc. (LIPO) announced Friday that the U.S. Food and Drug Administration (FDA) has approved an Investigational New Drug (IND) application for a multi-center, phase-2a, dose-escalation clinical trial.

The trial will assess the safety and efficacy of LP-310 in patients with symptomatic oral lichen planus (OLP), a highly morbid condition with no effective treatment.

In March 2023, Lipella created a five-member Scientific Advisory Board in Oral Health, made up of a group of highly regarded experts in oral medicine, to focus on the development of LP-310.

read more
Walmart To Cut 1,500 Corporate Jobs In Cost-cutting Efforts

Walmart To Cut 1,500 Corporate Jobs In Cost-cutting Efforts

Amid a challenging retail environment, due to fierce competition along with ongoing tariff issues, retail behemoth Walmart Inc. is planning to cut around 1,500 corporate jobs in the United States as part of its restructuring, media reported citing a memo. The multinational chain of hypermarkets, discount department stores, and grocery stores' efforts to simplify its operations...
RTTNews | 12 minutes ago
German Ifo Business Sentiment Strengthens; Composite PMI Falls

German Ifo Business Sentiment Strengthens; Composite PMI Falls

German business confidence strengthened in May as companies became less concerned about uncertainties regarding trade tariffs, a closely watched survey showed Thursday. The Purchasing Managers' survey compiled by S&P Global today showed that the German private sector activity contracted the most in five months in May due to a deepening downturn in the service sector.
RTTNews | 13 minutes ago
Antipodean Currencies Fall, Yen Gains Amid Risk-off Sentiment

Antipodean Currencies Fall, Yen Gains Amid Risk-off Sentiment

The Antipodean currencies such as the Australia and the New Zealand dollars weakened against their major currencies in the Asian session on Thursday on increased risk-off sentiment, following the broadly negative cues from Wall Street overnight, amid rising treasury yields on concerns about the fiscal impact of a new U.S. tax bill on the country's deficit. The lack of clear progress on new trade deals is also weighing on the markets.
RTTNews | 4h 15min ago