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Premarket Approval Doc For Balloon System Sends Obalon Shares Sharply Higher

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Obalon Therapeutics (NASDAQ: OBLN) shares spiked about 30 percent following circulation of a Food and Drug Administration AccessData.gov document for the weight loss Obalon balloon system.

The Obalon Balloon System is a swallowable intragastric balloon system indicated for temporary use to facilitate weight loss in adults with obesity.

Obalon Therapeutics traded at $1.47 per share at time of publication, up 12 percent.

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