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Stock impact report

Relmada Therapeutics: Run Up Into Results May Resume Following This Drop [Seeking Alpha]

Relmada Therapeutics, Inc. (RLMD) 
NASDAQ:AMEX Investor Relations: ir.relmada.com
Company Research Source: Seeking Alpha
The current timeline for completion of enrolment in Reliance II may suggest a slight slippage, but my position on the potential for a run up is unchanged. RLMD notes it has cash to complete its current studies Reliance II and Relight, as well as a phase 1 study of modified release psilocybin. With full-year 2023 earnings, Relmada Therapeutics ( NASDAQ: RLMD ) has announced it intends to report results from the phase 3 Reliance II study of REL-1017, as an adjunctive treatment for major depressive disorder, in H2'2024. I haven't written about RLMD since September 2023, when I noted a run up into phase 3 results was possible and could be enhanced by a possible interim readout, rating it a strong buy. In this article I take a look at recent updates and price action, to consider what the stock might do next. Run up into Reliance II results? RLMD is up about 20% since my previous article, but it isn't clear how much of that is simply due to a rally in biotech, with RLMD representin Show less Read more
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