NuCana's Encouraging Data From Resistant Melanoma Treatment Provides Some Relief After Disappointing Colorectal Cancer Data, Stock Surges
Portfolio Pulse from Vandana Singh
NuCana's stock surged after presenting positive Phase 2 study results for its melanoma treatment, NUC-7738, in combination with Merck's Keytruda. The study showed promising disease control and progression-free survival in patients resistant to PD-1 inhibitors.
September 16, 2024 | 1:28 pm
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Merck's Keytruda was part of a successful combination treatment with NuCana's NUC-7738, showing promising results in a Phase 2 study for melanoma.
Merck's Keytruda was used in combination with NuCana's NUC-7738, showing promising results in a Phase 2 study for melanoma. While the news is more directly impactful for NuCana, the positive results also reflect well on Keytruda's versatility and effectiveness.
CONFIDENCE 85
IMPORTANCE 60
RELEVANCE 50
POSITIVE IMPACT
NuCana's stock surged 166.50% after presenting positive data from its Phase 2 study on NUC-7738 for melanoma, showing promising results in disease control and progression-free survival.
The positive Phase 2 study results for NUC-7738 in combination with Keytruda showed significant disease control and progression-free survival in a challenging patient population. This news is critical for NuCana as it follows disappointing results from a previous study, leading to a significant stock price increase.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100