What's Going On With Small-Cap Cancer Focused XBiotech On Tuesday?
Portfolio Pulse from Vandana Singh
XBiotech Inc (NASDAQ:XBIT) announced positive data from its Phase 1/Phase 2, 1-BETTER Study for advanced pancreatic cancer, showing improved tolerability and potential survival benefits with its Natrunix antibody in combination with chemotherapy. Despite the positive results, XBIT shares are down 9.54% at $5.50.
June 18, 2024 | 5:08 pm
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XBiotech Inc (NASDAQ:XBIT) announced positive data from its Phase 1/Phase 2, 1-BETTER Study for advanced pancreatic cancer, showing improved tolerability and potential survival benefits with its Natrunix antibody in combination with chemotherapy. Despite the positive results, XBIT shares are down 9.54% at $5.50.
The positive data from the Phase 1/Phase 2 study indicates that Natrunix could improve the tolerability and effectiveness of chemotherapy for advanced pancreatic cancer. This is a significant development for XBiotech, potentially leading to future revenue growth. However, the current drop in share price may be due to market volatility or profit-taking.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100