Hoth Therapeutics Says HT-KIT, A New Molecular Entity, For Advance Systemic Mastocytosis Shows Cancer Cells Killing In Both Gastrointestinal Stromal Tumors And Acute Myeloid Leukemia In Preclinical Study
Portfolio Pulse from Benzinga Newsdesk
Hoth Therapeutics has announced that its new molecular entity, HT-KIT, has shown promising results in preclinical studies for systemic mastocytosis. The drug has demonstrated the ability to kill cancer cells in both gastrointestinal stromal tumors and acute myeloid leukemia.
September 13, 2023 | 12:20 pm
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Hoth Therapeutics' new drug, HT-KIT, has shown promising results in preclinical studies, potentially leading to a positive impact on the company's stock.
The announcement of positive preclinical results for a new drug typically leads to increased investor confidence and can positively impact a biotech company's stock price. Given that HT-KIT is being developed for systemic mastocytosis, a condition with limited treatment options, this news could be particularly significant for Hoth Therapeutics.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 100