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The favorable clinical results and partnership with Johnson & Johnson are strong drivers for NBTX's valuation, similar to instances where biotech firms see stock increases following positive trial results and strategic partnerships (e.g., Alnylam Pharmaceuticals after RNAi results).
What happened, with direct paths to the underlying reporting
Nanobiotix reported positive Phase 1 results for JNJ-1900 in melanoma patients. Treatment showed a 47.4% objective response rate with a 100% DCR in irradiated tumors. Median overall survival for treated patients was 14.6 months. Nanobiotix established a co-development deal with Johnson & Johnson in 2023. NBTX stock surged 22.03% following the report of these results.
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