Viracta Therapeutics shares are trading lower. The company announced topline results from Stage 1 of the pivotal Phase 2 NAVAL-1 trial from both arms of the relapsed or refractory Epstein-Barr virus-positive peripheral T-cell lymphoma cohort.
Portfolio Pulse from Benzinga Newsdesk
Viracta Therapeutics announced topline results from Stage 1 of the pivotal Phase 2 NAVAL-1 trial for Epstein-Barr virus-positive peripheral T-cell lymphoma, causing its shares to trade lower.
April 15, 2024 | 3:12 pm
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Viracta Therapeutics shares are trading lower after announcing topline results from Stage 1 of the pivotal Phase 2 NAVAL-1 trial for Epstein-Barr virus-positive peripheral T-cell lymphoma.
The trading lower of Viracta Therapeutics' shares is directly linked to the announcement of the topline results from their pivotal trial, which is a critical event for investors. Negative or underwhelming trial results often lead to decreased investor confidence and a drop in stock price.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100