ObsEva Shares Climb 10% on Licensing Deal With Organon
July 27 2021 - 3:54PM
Dow Jones News
By Stephen Nakrosis
Shares of biopharmaceutical company ObsEva SA rose on Tuesday,
after the company said it entered a deal which will see Organon
& Co. license the global development, manufacturing and
commercial rights to ebopiprant.
At 3:20 p.m. ET, shares of ObsEva advanced 10.52% to $2.78.
Volume topped 66.1 million shares, above the stock's 65-day average
volume of 678,428.
At 3:17 p.m. ET, shares of Organon & Co. slid 2.07% to
$29.03.
Ebopiprant is being evaluated as a potential treatment for
preterm labor by reducing inflammation and uterine contractions,
Organon said.
-Write to Stephen Nakrosis at stephen.nakrosis@wsj.com
(END) Dow Jones Newswires
July 27, 2021 15:46 ET (19:46 GMT)
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