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Why Is Cancer-Focused Tyra Biosciences Stock Falling On Friday?

Oct 25, 2024, 11:55 AM EDT1 sourcesAI-analyzed

Why it may matterVerify against the original reporting

The promising clinical data could eventually lead to improved investor sentiment, similar to past successes in oncology trials.

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What happened, with direct paths to the underlying reporting

Tyra Biosciences released encouraging TYRA-300 data for metastatic urothelial cancer. 54.5% of patients at ≥ 90 mg QD achieved partial response. Overall, a 100% disease control rate was observed in patients receiving TYRA-300. Interim safety results showed TYRA-300 was well-tolerated with minimal serious adverse events. The stock price dropped 18.4% despite the positive clinical results.

Tyra Biosciences released encouraging TYRA-300 data for metastatic urothelial cancer.
54.5% of patients at ≥ 90 mg QD achieved partial response.
Overall, a 100% disease control rate was observed in patients receiving TYRA-300.
Interim safety results showed TYRA-300 was well-tolerated with minimal serious adverse events.
The stock price dropped 18.4% despite the positive clinical results.

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