PolyPid Reports Positive D-PLEX Regulatory Update

(24/7 MARKET NEWS) – PolyPid Ltd. (Nasdaq: PYPD) provided a positive regulatory update, this morning, for D-PLEX100 for the prevention of abdominal colorectal surgical site infections (SSIs), following a recent type D meeting communication with the FDA on the SHIELD I Phase 3 data, the Company now has clarity regarding the regulatory pathway toward a potential New Drug Application (NDA) submission.

PolyPid is trading at $1.17, up $0.19, on volume of 100 thousand shares traded.

Its 52-week range is $0.65 to $6.90. We don’t like most foreign based listings, but this one has a very interesting chart, as it doesn’t appear to have much resistance to the $2 level and then it has a gap to the $5 level.

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