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Positive trial results often lead to increased investor confidence. For example, similar responses in other biotech stocks have resulted in significant price jumps.
What happened, with direct paths to the underlying reporting
IMM-1-104 shows 43% response rate in modified gemcitabine treatment. Favorable tolerability for IMM-1-104 with modified FOLFIRINOX reported. Disease control in second-line pancreatic cancer achieved by 52% of patients. Plans to expand Phase 2a trial with three additional combination arms. Stock rose 61.90% during premarket after data release.
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