Why Is Brain Cancer-Focused Biodexa Pharmaceuticals Stock Trading Lower On Thursday?
Portfolio Pulse from Vandana Singh
Biodexa Pharmaceuticals' stock is trading lower after releasing updates on their MAGIC-1 study for MTX110 in treating recurrent glioblastoma. Despite promising interim data, the stock fell 30%.
October 17, 2024 | 3:37 pm
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Biodexa Pharmaceuticals' stock fell 30% after releasing patient updates from the MAGIC-1 study on MTX110 for recurrent glioblastoma. Despite promising interim data, the market reacted negatively.
The stock price of BDRX fell significantly by 30% following the release of patient updates from their ongoing MAGIC-1 study. Although the interim data showed potential benefits of MTX110, the market's negative reaction suggests concerns over the results or other factors not detailed in the article.
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IMPORTANCE 80
RELEVANCE 100