Why NKGen Biotech Stock Is Moving Higher Monday
Portfolio Pulse from Adam Eckert
NKGen Biotech Inc (NASDAQ:NKGN) shares surged 25.1% after the company's SNK01 NK Cell Therapy was cleared for a Phase 2 trial in Alzheimer's disease. The Phase 1 study showed promising safety and efficacy results, leading to FDA clearance for a new Phase 1/2a study with an increased dose.
May 20, 2024 | 1:17 pm
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NKGen Biotech's stock surged 25.1% following FDA clearance for its SNK01 NK Cell Therapy to enter Phase 2 trials in Alzheimer's disease. The positive Phase 1 results and the new trial's higher dosage and extended duration have boosted investor confidence.
The FDA clearance for Phase 2 trials of SNK01 NK Cell Therapy in Alzheimer's disease is a significant milestone for NKGen Biotech. The positive results from Phase 1 and the new trial's higher dosage and extended duration have likely increased investor confidence, leading to a substantial rise in the stock price.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100