(24/7 MARKET NEWS) – Aridis Pharmaceuticals, Inc. (NASDAQ: ARDS) stated, this morning, that it received FDA on the Company’s proposed single confirmatory Phase 3 study of investigational monoclonal antibody candidate AR-301, which is being developed as an adjunctive therapy in combination with standard of care (SOC) antibiotics for the treatment of pneumonia caused by Gram-positive bacteria Staphylococcus aureus (S. aureus) in mechanically ventilated hospitalized patients.
Aridis Pharmaceuticals is trading at $0.348, up $0.163 (+88.11%), on 26.39M shares traded.
Its 52-week range is $0.15 to $2.77. It doesn’t have much resistance from 40 to 50-cents, so, if trading volume picks up, this could go much higher.
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