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The promising clinical data and FDA designation may rejuvenate investor confidence. Previous data releases with positive results often led to stock recoveries.
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Mersana released Phase 1 data for emiltatug ledadotin (Emi-Le). Emi-Le showed 23% objective response rate in advanced TNBC patients. FDA granted Fast Track designation for XMT-1660 in advanced breast cancer. Mersana stock decreased 36.6% to $0.8245 on the data announcement.
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