Why Are Neovasc Shares Moving Higher On Thursday?

  • The FDA approved the Investigational Device Exemption for Neovasc Inc's NVCN COSIRA-II IDE Clinical Trial regarding the Neovasc Reducer.
  • Related Content: Real-World Study Shows Neovasc's Reducer Is Safe, Efficacious In Patients With Refractory Angina
  • The Company remains on track to enroll the first patient in the U.S. trial by the end of 2021.
  • COSIRA-II is a randomized, sham-controlled trial investigating the safety and effectiveness of the Reducer for patients suffering from refractory angina. 
  • The trial's primary endpoint is a change in exercise tolerance testing time between baseline and six-month follow-up. 
  • The will enroll approximately 380 patients.
  • Related content: Benzinga's Full FDA Calendar.
  • Price Action: NVCN shares are up 2.85% at $0.76 during the market session on the last check Thursday.
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