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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POSITIVE IMPACT
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.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100