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Stock impact report

Celldex Therapeutics: Make-or-Break-It Data Expected Soon [The Motley Fool]

Celldex Therapeutics, Inc. (CLDX) 
Last celldex therapeutics, inc. earnings: 11/12 08:01 am Check Earnings Report
US:NASDAQ Investor Relations: ir.celldex.com
Company Research Source: The Motley Fool
Upcoming data may make this an intriguing clinical-stage biotech stock to buy. On Wednesday, Celldex Therapeutics ( NASDAQ:CLDX )  reported fourth-quarter financials. However, that wasn't what caused its shares to jump on Thursday. Instead, it was management's clinical-trial progress that sparked investor's optimism. Specifically, the company expects to report pivotal phase 2b trial data for glembatumumab vedotin (glemba) soon, and if that data is good, it could move this stock out of biotech's bargain bin. Back on track? Celldex Therapeutics investors saw the value of their shares more than cut in half after the company's Rintega flopped in a late-stage brain cancer trial in 2016. The disappointment sent shares reeling and forced management to execute a major restructuring, something that investors hope won't happen again when management reports glemba results in breast cancer patients next quarter. IMAGE SOURCE: GETTY IMAGES. Those results will show wh Show less Read more
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