What's Going On With Allarity Therapeutics Stock?
Portfolio Pulse from Adam Eckert
Allarity Therapeutics Inc's shares are trading higher after the company published clinical data validating a novel drug-specific DRP-companion diagnostic (CDx) for dovitinib in PLOS ONE. The data showed a subgroup of advanced renal cell carcinoma (RCC) patients that have improved clinical benefit from treatment with dovitinib. The DRP-Dovitinib CDx is a complex transcriptomic signature comprising 58 mRNA biomarkers that can predict tumor response to the drug.
August 31, 2023 | 1:57 pm
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POSITIVE IMPACT
Allarity Therapeutics' stock is trading higher after the company published clinical data validating a novel drug-specific DRP-companion diagnostic for dovitinib. This could potentially improve the treatment of advanced renal cell carcinoma patients.
The publication of the clinical data validates the potential of Allarity's DRP-Dovitinib CDx in oncology, which could lead to improved treatment for advanced renal cell carcinoma patients. This positive news is likely to increase investor confidence in the company, leading to a rise in the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100