Bio-Path Holdings (BPTH) Surges Over 406% Following Positive Preclinical Study Results

Dec 19, 2024

Bio-Path Holdings (BPTH, Financial) saw its stock skyrocket over 406%, reaching $3.39, triggering a trading halt. The surge followed the announcement of promising preclinical study results for its experimental therapy, BP1001-A. This therapy aims to treat obesity and related metabolic diseases in patients with type 2 diabetes.

The company reported that BP1001-A effectively influences insulin signaling, a crucial factor in managing diabetes. Bio-Path has initiated animal trials to further assess the therapy's efficacy and plans to commence early-stage human trials by 2025.

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