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The significant stock surge indicates strong investor confidence post-FDA feedback, which parallels past successful IND amendments influencing stock performance positively.
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MBRX stock surged 426% to $2.21 on Thursday. FDA feedback allows 10% reduction in trial size for Annamycin. Phase 3 trial timeliness supports accelerated drug approval strategy. First unblinding expected in 2025 with significant data insights. Annamycin holds Fast Track and Orphan Drug Designation.
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