AllPennyStocks.com Biotech Continues This Week's Momentum With Another Key ...

Biotech Continues This Week's Momentum With Another Key Announcement

Biotech Continues This Week's Momentum With Another Key Announcement By: Tomas Ronolski - AllPennyStocks.com News

Wednesday, June 25, 2025

A biotech company based out of Texas is turning heads so far during Wednesday’s session after the company announced that the U.S. Food and Drug Administration (FDA) has cleared its Investigational New Drug (IND) application (No. 168178) for REYOBIQ™, according to a recent release. 

Naturally, traders were quick to buy up shares of Plus Therapeutics Inc. (Nasdaq:PSTV) following the announcement, pushing the micro cap up to $0.435/share (+132.62%) at the early session high. This move and news came just one day following the company disclosed a comprehensive restructuring of its previous $15 million equity financing announced on March 4, 2025.

Headquartered in Houston, Texas, Plus Therapeutics, Inc. is a clinical-stage pharmaceutical company developing targeted radiotherapeutics for difficult-to-treat cancers of the central nervous system with the potential to enhance clinical outcomes. Combining image-guided local beta radiation and targeted drug delivery approaches, the Company is advancing a pipeline of product candidates with lead programs in leptomeningeal metastases (LM) and recurrent glioblastoma (GBM). The Company has built a supply chain through strategic partnerships that enable the development, manufacturing, and future potential commercialization of its products.


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