Trevena Inc. (TRVN) stock surges during after-market, given no current update

Trevena Inc. (NASDAQ: TRVN) stock declined by 8.09% at last close whereas the TRVN stock-price gains by 8.8% in the after-hours trading. Trevena, Inc. is a pharmaceutical firm specializing on the discovery and marketing of novel treatments for people suffering from CNS diseases.

>> 7 Top Picks for the Post-Pandemic Economy << 

TRVN stock, Recent Development

The first COVID-19 patient has been recruited in the NIH-funded ACTIV-4 Host Tissue study, according to Trevena.

Discover Tomorrow's Stocks Today!

When it comes to discovering hidden gems within the stock market, Stock Wire News has consistently provided invaluable insights. Stock Wire News invites you to explore their upcoming Wealth Building Report. This report will shine a spotlight on little-known companies with the potential for substantial growth in 2024, and it's completely FREE for a limited time.

Claim the free report now by clicking here and start discovering the hidden gems of the market
Sponsored

Read More

The ACTIV-4 Host Tissue study is evaluating four experimental medicines to treat COVID-19-induced dysregulation of the renin-angiotensin-aldosterone system (RAAS) and immune system. TRV027 is a new AT1 receptor-specific agonist that binds to AT1 receptor activity in the RAAS and rebalances it. It works by inhibiting the destructive route that causes acute lung problems and irregular blood clotting while stimulating the cellular pathway that focuses reparative activities that enhance lung function and boost anti-inflammatory efficacy.

Approximately 1,600 patients will be enrolled in the research, which will take place at more than 50 locations across the United States. TRV027 is one of the first research arms to be added to the trial, and other study arms will be added over time. The effect of each treatment on recovery, supplementary oxygen usage, the requirement for mechanical ventilation, organ failure, and mortality is being assessed in this study.

Official Statements

Carrie Bourdow, President and CEO of TRVN stock stated,

COVID-19 has no one cure, and they are proud to be a part of the worldwide effort to combat the epidemic and reduce its long-term effects on populations. TRV027 is one of the first active treatment arms accessible for patient randomization, and he is delighted that patients are already being recruited in this trial.

Sean Collins, Principal Investigator of the ACTIV-4 Host Tissue trial commented,

The discovery of treatments to counteract the coronavirus’s vascular, fibrotic, and inflammatory effects remains a major goal as the COVID-19 pandemic progresses. He added that he is thrilled to report that they’ve recruited their first patient in the ACTIV-4 Host Tissue study, and he is excited to learn more about TRV027’s ability to regulate the RAAS and enhance outcomes for COVID-19 patients.

Most Popular

Related posts