Why CEL-SCI (CVM) Shares Are Trading Higher
Portfolio Pulse from Henry Khederian
CEL-SCI Corp (NASDAQ:CVM) shares surged 18.6% to $1.98 after receiving positive FDA feedback on their cancer immunotherapy, Multikine, for treating advanced primary head and neck cancer. The FDA's agreement to a confirmatory Registration Study with 212 participants, based on strong safety and efficacy data from a Phase 3 study, highlights Multikine's potential as an addition to the standard of care for this patient population.
May 08, 2024 | 3:19 pm
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POSITIVE IMPACT
CEL-SCI Corp's stock price increased significantly after positive FDA feedback on Multikine for head and neck cancer, indicating strong market confidence in its potential.
The positive feedback from the FDA regarding Multikine's confirmatory Registration Study is a significant milestone for CEL-SCI, likely leading to increased investor confidence and potential stock price appreciation in the short term. The FDA's acceptance of the study design and pre-surgical patient selection criteria, along with the demonstrated survival benefit in previous studies, positions Multikine as a promising addition to the standard of care for advanced primary head and neck cancer, further driving investor optimism.
CONFIDENCE 90
IMPORTANCE 95
RELEVANCE 100