NEW YORK, NY / ACCESSWIRE / April 10, 2019 / Traders News Source, a leading independent equity research and corporate access firm focused on small and mid-cap public companies is issuing a comprehensive report on Vital Therapies, Inc. (NASDAQ: VTL) is a biotherapeutic company, focused on developing cell-based therapies for the treatment of acute forms of liver failure.
Vital Therapies announced that its stockholders voted to approve the proposals required to complete the business combination with Immunic AG at a special meeting of Vital Therapies stockholders held Friday.
On Friday, April 5, 2019, VTL shares opened at $.26 per share and reached a high of $.70 per share before closing at $.51 on traded volume of 154.5 million shares.
Get more details about the VTL business combination and potential new products READ MORE
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In September 2018, VTL reported top-line data from a phase 3 clinical trial of ELAD, VTL-308, in 151 subjects with severe alcoholic hepatitis. Although there was a numerical improvement in survival in the ELAD-treated group between three months and one year following randomization, the study failed to meet the primary endpoint of a significant improvement in overall survival through at least ninety-one days. The secondary endpoint of the proportion of survivors at study day ninety-one also showed no statistically significant difference between the groups. The company consequently discontinued the ELAD program.
Find out more about Immunic and review the FYE 2018 financial results here READ MORE
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SOURCE: Traders News Source