Hoth Therapeutics Rising on FDA Acceptance of IND Application Announcement

December 29, 2022

(24/7 MARKET NEWS) – Hoth Therapeutics, Inc. (NASDAQ:HOTH) skyrocketed after announcing, this morning, that the FDA accepted an Investigational New Drug (IND) application for its HT-001 therapeutic for the treatment for rash and skin disorders associated with epidermal growth factor receptor (EGFR) inhibitor therapy. EGFR inhibitors are critical therapeutic agents for the treatment of non-small cell lung cancer (NSCLC), pancreatic cancer, colorectal cancer, squamous-cell carcinoma of the head and neck, and breast cancer.

Hoth Therapeutics has been halted at $9.85, up $5.45 (+123.86%), on 4 million shares traded and is positioned to run higher on the restart. Look for additional trading halts as the shorts continue to get crushed.

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