FDA Clears Phio Pharmaceuticals to Initiate Clinical Trial of PH-762 for Treatment of Skin Carcinomas

(24/7 MARKET NEWS) – Phio Pharmaceuticals Corp. (Nasdaq: PHIO) reported, this morning, that the U.S. Food and Drug Administration (FDA) cleared the Company’s Investigational New Drug (IND) application to proceed with a clinical trial of Phio’s lead product candidate, PH-762.

Phio Pharmaceuticals is trading at $4.20, up $0.83 (+24.62%), on 80.5K premarket shares traded.

Its 52-week range is $3.1101 to $12.27. It’s cleared its recent resistance and may target its April 18 trading action.

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