Tivic Health Systems (TIVC) Stock Surges Over 24% After Hours: Here's What Is Happening
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Tivic Health Systems Inc. (NASDAQ:TIVC) shares surged 24.10% to $1.39 after hours following the announcement of a rebrand to Valion Bio, Inc. and a strategic shift towards Entolimod-based immunotherapy. The company is exiting consumer medical devices and focusing on Entolimod™, which has received FDA Fast Track and Orphan Drug designations. Valion Bio is pursuing contracts with U.S. agencies for potential significant revenue. Despite the surge, the stock has dropped 84.09% over the past year and remains near its 52-week low.
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