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Stock impact report

Advaxis shares rise 68% after FDA lifts clinical hold on its drug trial [MarketWatch]

Advaxis, Inc. (ADXS) 
Last advaxis, inc. earnings: 9/9 08:00 am Check Earnings Report
US:NASDAQ Investor Relations: ir.advaxis.com
Company Research Source: MarketWatch
Advaxis shares rise 68% after FDA lifts clinical hold on its drug trial Shares of the biotech company Advaxis Inc. ADXS, +20.50% surged 68% in premarket trade on Friday after the Food and Drug Administration lifted a clinical hold on the company's phase 1/2 study for a cancer drug combination. The clinical hold was put in place in March after a patient death following "acute respiratory failure after nine months of combination therapy," the company said; it will now implement new measures to detect these types of events early. The trial is testing a combination of Advaxis' axalimogene filolisbac, a listeria-based immunotherapy, and Astrazeneca's durvalumab AZN, -0.32% for patients with advanced, recurrent or refractory cervical cancer and HPV-associated head and neck cancer. Company shares have dropped 29.5% over the last three months, compared with a 5.4% rise in the S&P 500 SPX, -0.08% and a 2.3% rise in the Dow Jones Industrial Average DJIA, -0.01% Show less Read more
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