Why Is Protagonist Therapeutics Stock Trading Higher On Monday?
PTGX reported positive Phase 2b results for icotrokinra in ulcerative colitis. Icotrokinra showed 63.5% response rate, significantly higher than placebo. Clinical remission rates improved at Week 12 for icotrokinra compared to placebo. Positive Phase 3 data for icotrokinra in psoriasis further boost potential. PTGX stock increased by 35.9% following the announcement.
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