Iterum Therapeutics surged 10.44% in premarket trading following the announcement of launching ORLYNVAH™, the first and only oral penem antibiotic in the U.S., as reported by GlobeNewswire. The product launch represents a significant milestone for the company, differentiating its offering in the antibiotic market and signaling potential growth in revenue and market share. While other news, such as quarterly earnings updates and conference presentations, were noted, the product launch is the most directly impactful and recent event likely driving the sharp premarket increase.
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