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Tuesday, March 3, 2026

Edesa CEO insider purchase fueled 37.51% intraday surge amid Phase 3 trial momentum

 


Edesa Biotech's CEO, Pardeep Nijhawan, bought 50,571 shares on March 2, 2026, for approximately $98,896, alongside a 10,016-share RSU grant, signaling executive confidence following February 24 positive Phase 3 data for paridiprubart showing 27% lower 28-day mortality in ARDS patients. A Zacks Small Cap Research report on March 2 further highlighted these strengthened results, including benefits in non-ventilated patients and subgroups like pneumonia cases. High early volume exceeded 5 million shares, amplifying the move in regular trading hours as traders reacted to the fresh insider activity and reaffirmed trial implications. Based on available reports.


https://finviz.com/quote.ashx?t=EDSA&p=d

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