Most Active Stocks in Pre-Market Trading on November 10, 2025: IFRX, GREE, IPHA, TSLL, SQQQ, NVDA, PFE, BBAI, OSCR, IONQ, HLN, THS
NASDAQ 100 Pre-Market Performance: The NASDAQ 100 Pre-Market Indicator is up 380.3 points to 25,440.11, with a total pre-market volume of 219,886,694 shares traded.
Active Stocks Overview: InflaRx N.V. (IFRX) and Greenidge Generation Holdings Inc. (GREE) are among the most active stocks, with IFRX trading at $2.01 and GREE at $2.02, both showing positive movements.
Earnings Reports and Forecasts: IFRX and Innate Pharma S.A. (IPHA) are scheduled to release earnings reports soon, with IPHA showing a significant forecasted increase in earnings per share compared to last year.
Stock Recommendations: Several stocks, including NVIDIA Corporation (NVDA) and IonQ, Inc. (IONQ), are currently in the "buy range" according to Zacks, indicating positive market sentiment.
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- Investor Conference Schedule: InflaRx will participate in the Guggenheim Securities Biotech Summit on February 11-12, 2026, in New York, conducting one-on-one investor meetings on February 11 to enhance engagement and transparency with investors.
- Virtual Conference Participation: The company will also attend the Oppenheimer 36th Annual Healthcare Life Sciences Conference on February 25-26, 2026, with a virtual presentation on February 25, further expanding its investor base.
- Product Development Progress: InflaRx's lead program, izicopan (INF904), an orally administered small molecule inhibitor, has shown promising pharmacokinetic and pharmacodynamic characteristics in Phase 1 and Phase 2a clinical studies, expected to provide treatment options for various inflammatory diseases.
- Innovative Drug Development: The company has also developed vilobelimab, a first-in-class anti-C5a monoclonal antibody that has demonstrated disease-modifying activity and tolerability in multiple clinical studies, highlighting its innovative potential in anti-inflammatory therapies.
- Cost-Cutting Measures: InflaRx announced a 30% workforce reduction and significant cuts to Gohibic-related commercial spending to enhance capital efficiency and support further development of izicopan, expecting a one-time charge of approximately $7 million.
- Cash Flow Outlook: Following the restructuring, InflaRx anticipates its cash runway will extend into mid-2027, and despite reduced spending, it will continue to support the BARDA-sponsored Gohibic clinical trial, ensuring its availability under emergency use authorization in the U.S.
- R&D Priority Shift: The company is prioritizing izicopan, planning to advance its development in hidradenitis suppurativa and other inflammatory and immunology indications, demonstrating a strong commitment to new drug development.
- Market Opportunity Assessment: InflaRx continues to evaluate partnership opportunities for Gohibic in both the U.S. and Europe and plans to engage with the FDA on a potential development path for vilobelimab in pyoderma gangrenosum, showcasing its adaptability in the market.

- Clinical Trial Progress: InflaRx's Phase 3 trial for vilobelimab shows a 20.8% improvement in complete target ulcer closure compared to placebo, setting the stage for upcoming FDA discussions despite non-significant results.
- Post-Hoc Analysis Results: Further analyses reveal an average treatment effect of -45.4% in target ulcer volume for vilobelimab, with significant improvements noted by Week 26, indicating potential for sustained treatment benefits.
- Strategic Partnership Plans: InflaRx intends to meet with the FDA to discuss future development pathways for vilobelimab, considering collaboration with partners rather than allocating significant resources independently, highlighting a focus on izicopan (INF904).
- Market Reaction: Following the latest updates, IFRX shares rose by 7.92% to $1.09, reflecting market optimism regarding the company's future prospects.
- Market Breakthrough: ARS Pharma's neffy has received approval from China's NMPA, becoming the first needle-free epinephrine nasal spray for emergency allergy treatment, with commercial availability expected in spring 2026, addressing the growing demand for allergy treatments and further expanding the company's global market presence.
- Market Potential: Neffy generated $31.3 million in U.S. sales in Q3 2025, demonstrating strong market adoption, and the upcoming launch in China is anticipated to significantly boost overall revenue and enhance brand influence.
- Strategic Positioning: This approval marks neffy's successful entry into multiple global markets, including the U.S., U.K., E.U., Japan, and Australia, underscoring the company's leadership in the global allergy treatment sector.
- Future Outlook: With the product's commercialization in China, ARS Pharma plans to strengthen its collaboration with Pediatrix Therapeutics, leveraging its marketing rights in China to drive sales growth and increase market share.

- Trial Termination: InflaRx terminated its Phase 3 trial of Vilobelimab for pyoderma gangrenosum in May 2025, yet post-hoc analyses revealed that 20.8% of patients achieved complete remission, indicating potential efficacy worth further exploration.
- Positive Patient Response: Among patients receiving Vilobelimab, 36.4% achieved over a 50% reduction in ulcer volume compared to only 16.7% in the placebo group, highlighting the drug's significant potential impact on improving patient quality of life.
- Good Safety Profile: Safety data indicated that adverse events associated with Vilobelimab were mostly mild to moderate, suggesting a favorable tolerance profile that could facilitate its future clinical applications.
- Future Development Plans: InflaRx intends to meet with the FDA to discuss alternative endpoints and is considering pursuing further development in pyoderma gangrenosum in collaboration with a partner, demonstrating the company's ongoing commitment to this therapeutic area.

- Study Termination Context: InflaRx N.V. announced the early termination of its Phase 3 study for vilobelimab in pyoderma gangrenosum due to futility, highlighting the challenges and risks associated with clinical trials.
- Efficacy Data Analysis: Recent in-depth data analysis reveals that vilobelimab achieved a 20.8% efficacy in complete target ulcer closure compared to 16.7% for placebo, indicating its potential role in certain neutrophilic skin diseases.
- Key Secondary Endpoint Improvement: Key secondary endpoints showed improvement in favor of vilobelimab over placebo, further supporting its clinical application potential and efficacy.
- FDA Meeting Plans: The company expects to meet with the FDA to discuss a potential path forward for vilobelimab, indicating its strategic focus on future market opportunities and development planning.








