Why Iterum Therapeutics Stock Soared Today
Shares of Iterum Therapeutics (NASDAQ: ITRM) were soaring 18.3% higher as of 3:40 p.m. EDT on Friday. The big gain came after the company announced that the U.S. Food and Drug Administration (FDA) wouldn't require an advisory committee review of the regulatory filing for sulopenem etzadroxil/probenecid in treating urinary tract infections.
Iterum submitted its filing in January of this year. The FDA originally planned to convene an advisory committee to review the application on June 2, 2021. This meeting was pushed back, though, to give the agency more time to review Iterum's data.
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Source Fool.com
