Shares of Longeveron Inc. (LGVN) rose 7% on Wednesday after the company announced positive results from the trial of its investigational therapy in age-related clinical frailty.
The company said that intravenous laromestrocel improved the physical condition of patients with age-related clinical frailty after nine months, compared to placebo.
Laromestrocel is a human bone marrow-derived allogeneic stem cell (MSC) investigational therapy. The company was evaluating whether it improves physical functioning in 148 ambulatory individuals with frailty.
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