Why Eiger BioPharmaceuticals Stock Skyrocketed Today
Shares of Eiger BioPharmaceuticals (NASDAQ: EIGR) were skyrocketing 19% higher as of 3:10 p.m. EDT on Thursday. The big jump came after the company announced positive results from an investigator-sponsored clinical study evaluating peginterferon lambda (Lambda) in treating COVID-19 in an outpatient setting.
Sixty patients were enrolled in the phase 2 study conducted at Toronto General Hospital in Toronto, Canada, and sponsored by Toronto's University Health Network. Half of the patients were given a single subcutaneous dose of Lamba and the other half of the patients were given placebo. The patients were then followed for 14 days.
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Source Fool.com