InflaRx (IFRX) Stock Pops as FDA Grants Emergency Use Authorization


  • InflaRx (IFRX) stock is rising on a Food and Drug Administration (FDA) update.
  • It got approval for emergency use of its Covid-19 treatment.
  • The company is also considering further uses for the treatment.
IFRX Stock - InflaRx (IFRX) Stock Pops as FDA Grants Emergency Use Authorization


InflaRx (NASDAQ:IFRX) stock is getting a boost on Wednesday following an update from the Food and Drug Administration (FDA) concerning its Covid-19 treatment.

The big news investors are celebrating today is vilobelimab getting Emergency Use Authorization (EUA) from the FDA. This allows the treatment to be used on patients “within 48 hours of receiving invasive mechanical ventilation (IMV), or extracorporeal membrane oxygenation (ECMO).”

InflaRx notes that vilobelimab got its EUA following positive results from a Phase III clinical trial. That includes a reduction in 28-day all-cause mortality of 23.9% when compared to a placebo.

Prof. Renfeng Guo, M.D., Chief Scientific Officer and founder of InflaRx, said the following about the news:

“This EUA is a great recognition of our COVID-19-related research, which was based on over two decades of groundbreaking work on the tissue and organ-damaging effect of the complement factor C5a as part of the body’s immune response.”

How This Affects IFRX Stock

With this EUA under its belt, InflaRx is closer to getting vilobelimab in hospitals to treat patients. The company also notes that it intends to expand its research of the treatment to determine more effects for it.

Today’s news as brings heavy trading to IFRX stock with some 24 million shares on the move. To put that in perspective, the company’s daily average trading volume is about 332,000 shares. IFRX stock is up 51.5% as of Wednesday morning.

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On the date of publication, William White 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 Publishing Guidelines.

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