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Despite a short-term drop, the trial results highlight onvansertib's effectiveness, which can lead to long-term valuation recovery, similar to previous oncology trials where promising results reversed initial stock declines.
What happened, with direct paths to the underlying reporting
CRDF presents Phase 2 data on onvansertib for mCRC treatment. High-dose onvansertib shows a 59% objective response rate. William Blair supports further investment and a Phase 3 trial. Current valuation reflects skepticism towards onvansertib's profile. CRDF shares fell nearly 20% on the news.
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