Miami-based Veru Inc. (VERU) is an oncology biopharmaceutical company that is focused on developing novel medications for the treatment of breast and prostate cancers. Its shares have gained 120.6% in price over the past month to close yesterday's trading session at $11.76.
According to the preliminary findings of the phase 3 clinical study released on April 11, VERU's oral medicine sabizabulin reduced fatalities by an astonishing 55% when delivered to hospitalized patients with severe COVID-19. With such promising data, the company’s shares surged by more than 190% last week and remained up by more than 200% for five consecutive days.
