Why Is Agios Pharmaceuticals Stock Trading Higher On Monday?
Portfolio Pulse from Vandana Singh
Agios Pharmaceuticals Inc. (NASDAQ: AGIO) shares surged after the Phase 3 ENERGIZE-T study of mitapivat in adults with transfusion-dependent alpha- or beta-thalassemia met its primary and secondary endpoints, showing significant reduction in transfusion burden compared to placebo. The company plans to submit a U.S. marketing application for Pyrukynd (mitapivat) by the end of 2024.
June 03, 2024 | 4:11 pm
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POSITIVE IMPACT
Agios Pharmaceuticals' stock surged after the Phase 3 ENERGIZE-T study of mitapivat met its primary and secondary endpoints, showing significant reduction in transfusion burden. The company plans to submit a U.S. marketing application for Pyrukynd by the end of 2024.
The positive results from the Phase 3 ENERGIZE-T study and the company's plans to submit a U.S. marketing application for Pyrukynd by the end of 2024 are likely to boost investor confidence and drive the stock price higher in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100