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Stock impact report

Biotech Recovers From Pitfall Amid Cancer Treatment Rivalry [Investor's Business Daily]

Blueprint Medicines Corporation (BPMC) 
Last blueprint medicines corporation earnings: 2/13 07:00 am Check Earnings Report
US:NASDAQ Investor Relations: blueprintmedicines.com
Related news Blueprint Medicines ( BPMC ) recovered Monday after sinking to a two-month low as investors compared its thyroid cancer treatment to a rival therapy from Loxo Oncology ( LOXO ). On the stock market today , Blueprint stock lost 0.2%, to 69.39, after falling as much as 4.4%. Loxo stock, on the other hand, rose 2.4%, to 163.50. Both biotech companies unveiled data from studies of their thyroid cancer treatments on Saturday. The biotech companies are working on cancer treatments for patients with aberrations in the RET gene . Blueprint's cancer treatment had a 49% overall response rate across all medullary thyroid cancer patients. That seemingly trailed better responses for Loxo's drug. But Raymond James analyst Laura Chico kept her outperform rating on Blueprint stock. She noted there are differences in the biotech companies' studies, including cutoff date. Blueprint's data is current as of September, whereas Loxo is current as of July. "Bottom line, we think (effectiveness Show less Read more
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