What's Going On With Bio-Path Stock?
Portfolio Pulse from Erica Kollmann
Bio-Path Holdings, Inc. (NASDAQ:BPTH) shares surged 80% after the company presented positive interim results from its Phase 2 study of prexigebersen for treating acute myeloid leukemia (AML). The data showed the drug to be well-tolerated and effective, exceeding outcomes with frontline therapy. The stock saw heavy trading volume, with over 34.375 million shares traded compared to its float of 1.655 million shares.
June 03, 2024 | 2:08 pm
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POSITIVE IMPACT
Bio-Path Holdings' stock surged 80% following the presentation of positive interim results from its Phase 2 study of prexigebersen for AML treatment. The drug showed promising efficacy and was well-tolerated, leading to heavy trading volume.
The positive interim results from the Phase 2 study of prexigebersen significantly boost investor confidence in Bio-Path Holdings, leading to a sharp increase in stock price. The heavy trading volume further underscores strong market interest.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100