Corvus Pharmaceuticals shares are trading higher after the company announced it initiated the registrational Phase 3 clinical trial of Soquelitinib for patients with relapsed or refractory peripheral T-cell lymphoma.
Portfolio Pulse from Benzinga Newsdesk
Corvus Pharmaceuticals' shares rose following the announcement of a Phase 3 clinical trial for Soquelitinib, targeting relapsed or refractory peripheral T-cell lymphoma.
September 10, 2024 | 6:17 pm
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Corvus Pharmaceuticals' stock is trading higher due to the initiation of a Phase 3 clinical trial for Soquelitinib, aimed at treating relapsed or refractory peripheral T-cell lymphoma.
The initiation of a Phase 3 trial is a significant milestone for biotech companies, often leading to increased investor confidence and stock price appreciation. This development suggests potential progress in Corvus' drug pipeline, positively impacting its stock.
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IMPORTANCE 80
RELEVANCE 100