PainReform Announces Safety Data Supporting OcuRing-K Development
PainReform announced safety data supporting the continued development of OcuRing-K drop-less, sustained-release ocular drug delivery platform for use in cataract surgery. The development program included a series of preclinical rabbit studies evaluating ocular tolerability, biocompatibility, and tissue response, as well as a Phase I clinical study in patients undergoing cataract surgery. Collectively, these studies demonstrated a favorable safety profile for the platform, supporting its advancement toward later-stage development. In the Phase I clinical study, no treatment-emergent adverse events related to the study drug were observed. All reported adverse events were as expected in the context of cataract surgery, and consistent with subjects' underlying ocular histories. No serious adverse events were reported, and no safety issues related to the drug delivery platform were identified. The investigational product and intraocular lens devices remained properly positioned in all treated eyes throughout the study.
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Rapt Therapeutics Acquired by GSK for $58 per Share, Valuing at $2.2 Billion
- Acquisition Deal: GSK has agreed to acquire Rapt Therapeutics for $58 per share, representing an estimated total equity value of $2.2 billion, which will significantly enhance GSK's market position in the biopharmaceutical sector.
- Stock Surge: Rapt Therapeutics' shares jumped 63.4% to $57.36 in pre-market trading, reflecting a positive market reaction to the acquisition, which may attract more investor interest in the company.
- Market Impact: This acquisition not only increases shareholder value for Rapt but may also prompt other biotech firms to consider similar strategic acquisitions to enhance their competitiveness and market share.
- Industry Outlook: With GSK's acquisition, Rapt's product development process is expected to accelerate, potentially leading to faster drug launches and further solidifying GSK's leadership position in the innovative pharmaceuticals market.

PainReform Ltd. Changes Name to PRF Technologies, Stock Rises 48%
- Significant Stock Surge: PainReform Ltd., now PRF Technologies, saw its stock rise by 48% to $1.22 on Friday, indicating strong market performance and reflecting investor optimism regarding the company's new strategic direction.
- Surge in Trading Volume: The stock traded 35.49 million shares, significantly exceeding the average volume of 672,850 shares, suggesting heightened market interest in the company's transformation and potentially attracting more investor participation.
- Expanded Product Portfolio: The name change aims to better represent the company's broadened portfolio, which includes non-opioid postoperative pain therapy PRF-110 and OcuRing-K for cataract surgery, demonstrating a diversification strategy intended to reduce reliance on any single product outcome.
- Strong Technical Indicators: PRFX is currently trading 21.12% above its 20-day simple moving average, indicating short-term strength; despite a 60.93% decline over the past year, the current technical signals suggest potential rebound opportunities.








