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Protalix BioTherapeutics Inc (AMEX:PLX) shares are surging Monday after the company said its Phase 3 trial for the treatment of Fabry disease met its primary endpoint.
Fabry disease is an inherited disease resulting in progressive accumulation of abnormal deposits of a fatty substance in blood vessel walls throughout a person's body.
"Based on results from our clinical program, we believe that PRX–102, as a PEGylated enzyme replacement therapy with potentially two different dosing regimens, may be a valuable new treatment option for individuals suffering from Fabry disease," said Dror Bashan, president and CEO of Protalix BioTherapeutics.
Protalix BioTherapeutics is a biopharmaceutical company focused on the development, production and commercialization of recombinant therapeutic proteins produced by its ProCellEx plant cell–based protein expression system.
See Also: Why Gores Guggenheim Shares Are Rising Today
PLX 52-Week Range: $0.70 - $6.64
The stock was up 64.3% at $1.72 at time of publication, according to data from Benzinga Pro.
Photo: Belova59 from Pixabay.
Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.
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