Adamis Pharmaceuticals Stock Rises Strongly Amid FDA Approval Expectation

Adamis Pharmaceuticals Corporation (ADMP) was up 33% to $0.7389, while the price has achieved almost 45% in a week. Today, the corporation made a significant statement by filing a Fast Track application to the U.S. Food and Drug Administration (FDA). The purpose is to treat and prevent the drug Tempol. What is the Tempol? Tempol is antiviral, anti-inflammatory, and antioxidant activity. According to the corporation, it is currently being tested in adult patients with COVID-19 infection as part of a phase 2/3 clinical research. Before this, the FDA approved antiviral drugs and believed that tempol could satisfy the medicine thanks to its unique mechanism.

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Hence, in connection with the collaboration with researchers at Stanford University, it was reported that Tempol affects a strong, broad anti-cytokine activity in-vitro. Furthermore, this may prove to be a valuable strategy for treating COVID-19 infection. In the coming month, the price of ADMP stock may jump to highs. Actively observing the company’s price movement or the statics, it outperforms well with a 107$ million market cap.

April Sanchez

Business and Tech Reporter

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