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Why AzurRx BioPharma Is Trading Sharply Higher Today

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Why AzurRx BioPharma Is Trading Sharply Higher Today

AzurRx BioPharma (NASDAQ: AZRX) shares are trading higher Friday amid a surge in session volume for the day. On Thursday, the company announced it has started dosing in the mid-stage cystic fibrosis study of MS1819.

AzurRx BioPharma Inc is a development-stage biopharmaceutical company. The company is focused on the development of recombinant proteins for the treatment of gastrointestinal diseases and microbiome-related conditions. Its lead product candidate is MS1819, a yeast-derived recombinant lipase for exocrine pancreatic insufficiency associated with cystic fibrosis and chronic pancreatitis.

AzurRx BioPharma shares were trading up 69.86% at $1.99. The stock has a 52-week high of $2.63 and a 52-week low of 37 cents.

 

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