Strong Open For Biotech Shares Following Phase 3 Comments - InvestingChannel

Strong Open For Biotech Shares Following Phase 3 Comments

A Connecticut-based biotech company is finding a ton of early success Wednesday morning after the company announced that an independent third-party review of the data from a site in its Tranquility II phase 3 trial showed “positive findings,” according to the release.

This news caused traders to be extremely optimistic on BioXcel Therapeutics Inc. (Nasdaq:BTAI) as shares opened up at $3.07/share (+31.20%) to kick things off on Wednesday. It should be an exciting session for this micro cap.

BioXcel Therapeutics Inc is a clinical-stage biopharmaceutical company. It is focused on drug development utilizing novel artificial intelligence (AI) to identify the next wave of medicines across neuroscience and immuno-oncology. The pipeline products of the company are BXCL501, and BXCL701.

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