Why Is Gene Therapy-Focused REGENXBIO Stock Trading Higher Today?
Portfolio Pulse from Vandana Singh
REGENXBIO Inc (NASDAQ:RGNX) reported positive interim results from the Phase 1/2 AFFINITY DUCHENNE trial of RGX-202 for Duchenne muscular dystrophy and from the Phase 1/2/3 CAMPSIITE trial of RGX-121 for Mucopolysaccharidosis Type II (MPS II). RGX-202 showed no serious adverse events and significant microdystrophin expression and CK level reduction, indicating potential clinical improvement. RGX-121 met its primary endpoint with significant reductions in a key biomarker of brain disease activity in MPS II patients. REGENXBIO plans pivotal trials and FDA marketing applications for both treatments in 2024. RGNX shares surged 11.80% to $14.89.
February 07, 2024 | 5:59 pm
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REGENXBIO Inc reported positive trial results for RGX-202 and RGX-121, indicating potential for clinical improvement in Duchenne muscular dystrophy and MPS II, respectively. Plans for pivotal trials and FDA applications are set for 2024, driving an 11.80% increase in stock price to $14.89.
The significant positive interim results from the trials of RGX-202 and RGX-121, along with the plans for pivotal trials and FDA marketing applications, are likely to generate investor optimism about REGENXBIO's future prospects. This optimism is reflected in the stock's 11.80% increase. The direct impact on the stock price, combined with the strategic plans for regulatory filings, underscores the importance and relevance of this news to investors.
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IMPORTANCE 90
RELEVANCE 100