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Orchestra BioMed Shares Rise On FDA Approval Of IDE For BACKBEAT Study

Shares of Orchestra BioMed Holdings, Inc. (OBIO) are rising over 17% on Tuesday after FDA approved an investigational device exemption (IDE) to initiate the global pivotal BACKBEAT (BradycArdia paCemaKer with atrioventricular interval modulation for Blood prEssure treAtmenT) study.
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