Iterum Therapeutics (ITRM) has recently regained Nasdaq compliance and received FDA approval for Orlynvah, its first approved product for UTIs. Despite these milestones, the stock closed at $1.59 on January 31, 2025, with limited upward momentum. Bulls may argue that the FDA approval positions ITRM for long-term growth, potentially driving the stock above $2.00 if commercialization efforts succeed.