Constellation shares soar 95% after promising data from rare disease trial [MarketWatch]
Constellation Pharmaceuticals, Inc (CNST)
Last constellation pharmaceuticals, inc earnings: 3/10 04:12 pm
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Source: MarketWatch
Constellation shares soar 95% after promising data from rare disease trial Shares of Constellation Pharmaceuticals Inc. CNST, +120.20% jumped 95% after the biopharmaceutical company reported promising data from a mid-stage clinical trial for myelofibrosis. In this trial, it was used in combination with Incyte Corp.'s INCY, -0.16% Jakafi, the first treatment approved by the U.S. Food and Drug Administration for the rare bone marrow disorder. The company plans to test the therapy as a first-line treatment and expects to launch a randomized late-stage clinical trial for CPI-0610 next year. Constellation stock has gone up 684% year-to-date, while the S&P 500 SPX, -0.14% has risen 23%.
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