Why is the Recce pharmaceuticals share price on the move?

The Recce Pharmaceuticals Ltd ( ASX: RCE) share price is on the move today. This comes after the pharmaceutical company reported further positive data from the clinical trial of its antibiotic candidate, Recce 327. At the time of writing, the biotechnology company’s shares are swapping hands for $1.35, up 3.85%.

Why is the Recce share price on the move?

An independent safety committee has cleared stronger dosing of Recce 327 The Recce Pharmaceuticals Ltd ( ASX: RCE) share price is on the move today. This comes after the pharmaceutical company reported further positive data from the clinical trial of its antibiotic candidate, Recce 327.

Is Recce Pharmaceuticals Ltd's share price softening?

For example, the Recce Pharmaceuticals Ltd ( ASX:RCE) share price has soared 246% in the last half decade. Most would be very happy with that. The last week saw the share price soften some 5.5%.