Investors continue to drive Virpax Pharmaceuticals (NASDAQ:VRPX) stock higher on Wednesday after Tuesday’s major company news emerged.
The Pennsylvania-based firm said yesterday that it received a written response from the U.S. Food and Drug Administration (FDA) concerning its MMS019 anti-viral barrier product. According to InvestorPlace writer William White, the “response from the FDA is for the company’s pre-investigational new drug and opens the way for Virpax Pharma to submit a New Drug Application (NDA) for MMS019.”
In turn, the NDA could be used as a daily treatment against the “inhibition of viral replication of SARS-CoV-2 and influenza in animals.” And according to the release, Virpax Pharma is considering submitting its NDA to the Office of Non-Prescription Drugs.
With all of this in mind, what are investors saying about VRPX stock? Let’s take a closer look to find out.
WEDNESDAY PLANS$AMC 36 is my new base. 38.50 break 👀 $ALF Swing winner. BANG!! 11 break 👀 would send it $VRPX hold 16, break 20!$AHPI 10.25 buy order ready $FULC 22 entry and SL. 24 break is key! $AUUD bullish above 3$SPRT hold 8, break 8.50 & 🚀 $MVIS 14 break 👀
— Donnie Stocks (@DonnieStocks) August 18, 2021
“Morning Flush” on $VRPX today. Popped at open, pulled back to rising demand @ 8 and began to accumlate on low volume. Once it started to curl and volume came in on the break of 8.60 I went long. I sold early @ 12.70 but was happy to catch the bulk of the move @MrZackMorris pic.twitter.com/HKuADnWLTb
— Red Hood Trading (@redhoodtrading) August 17, 2021
— Zack Morris (@MrZackMorris) August 17, 2021
— The Stock Sniper (@Ultra_Calls) August 18, 2021
VRPX (compliments of u/wilsash42) a 260% green day. Pharma play on great pharma news. Maybe our next NAOV? Don’t jump in now! Looking for comedown tomorrow to be oversold and possible entries. MAY STILL TOTALLY RUN THOUGH! from RDTS
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On the date of publication, Nick Clarkson did not have (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines.
Nick Clarkson is a web editor at InvestorPlace.