Kintara Therapeutics shares are trading lower after the company announced preliminary topline results from the GBM AGILE study showed that VAL-083 did not perform better than the current standards of care in glioblastoma.
Portfolio Pulse from Benzinga Newsdesk
Kintara Therapeutics announced preliminary topline results from the GBM AGILE study, indicating that VAL-083 did not outperform current standards of care in glioblastoma. This news led to a decrease in the company's share price.
October 31, 2023 | 1:20 pm
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NEGATIVE IMPACT
Kintara Therapeutics' stock price is trading lower following the announcement of disappointing preliminary results from the GBM AGILE study.
The company's share price is directly impacted by the news of the underperformance of VAL-083 in the GBM AGILE study. This is a negative development for the company, as it indicates that their product did not meet expectations, which can lead to a decrease in investor confidence and a subsequent drop in the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100