Pasithea Therapeutics shares are trading higher after the company announced preclinical efficacy data for PAS-004 from NRAS mutation cancer xenograft models.
Portfolio Pulse from Benzinga Newsdesk
Pasithea Therapeutics' stock price is on the rise following the announcement of positive preclinical efficacy data for their drug PAS-004, which targets NRAS mutation cancer xenograft models.
December 11, 2023 | 4:57 pm
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POSITIVE IMPACT
Pasithea Therapeutics' announcement of positive preclinical data for PAS-004 is likely to boost investor confidence, potentially leading to a short-term increase in the stock price.
The announcement of positive preclinical data typically generates optimism among investors about a company's future prospects, especially in the biotech sector where drug development milestones are critical. This news directly pertains to Pasithea Therapeutics and its drug PAS-004, which could lead to increased investor interest and a potential rise in stock price in the short term.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 100