Werewolf Therapeutics' Cancer Drug Shows Promise in Early Study for Solid Tumors, Stock Soars
Portfolio Pulse from Vandana Singh
Werewolf Therapeutics Inc (NASDAQ:HOWL) released preliminary results from an ongoing Phase 1/1b trial of WTX-124 in patients with advanced or metastatic solid tumors. The data showed promising results with evidence of antitumor activity and no serious adverse events. The company's stock soared by 18.60% in the premarket session.
November 03, 2023 | 1:26 pm
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POSITIVE IMPACT
Werewolf Therapeutics' stock price increased following the release of promising preliminary results from a Phase 1/1b trial of their cancer drug WTX-124.
The promising results from the Phase 1/1b trial of WTX-124 indicate potential success in the future stages of the trial, which could lead to the drug's approval and commercialization. This positive news has already resulted in an increase in the company's stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100