Jul. 9 at 1:14 AM
$PHRRF
ProKidney's stock surged over 422 percent recently due to the release of positive topline results from its Phase 2 REGEN-007 clinical trial for its lead therapy, rilparencel, targeting chronic kidney disease (CKD) and diabetes.
That's just a phase 2 study, far from FDA approval. Risk is still high there.
For PHRRF, we are expecting an FDA approval, and that is a game changer. A company with no revenue, a current market cap of less that
$30 million, and all risk gone, makes this a big deal.
AI says that the probability of approval is "Very High (>90%)" for drugs like this.
AND
"Statistically, minor amendments almost always lead to registration, provided the applicant addresses the FDA’s requests. The process is designed to resolve minor issues and move the application toward approval efficiently"