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Stock impact report

Corvus' (CRVS) Lymphoma Drug Gets Orphan Status, Stock Up [Yahoo! Finance]

Corvus Pharmaceuticals, Inc. (CRVS) 
Last corvus pharmaceuticals, inc. earnings: 4/30 04:05 pm Check Earnings Report
US:NASDAQ Investor Relations: corvuspharma.com
Company Research Source: Yahoo! Finance
The FDA generally grants this designation to investigational therapies that address rare medical diseases or conditions affecting fewer than 200,000 people in the United States. The perquisites that come from this designation include assistance in the drug development process, tax credits for clinical costs, exemptions from certain FDA fees and seven years of post-approval marketing exclusivity. The company's shares rose 10.75% on the news. Soquelitinib (formerly known as CPI-818) is an investigational small molecule drug given orally, designed to selectively inhibit ITK (interleukin-2-inducible T cell kinase), an enzyme that is expressed predominantly in T cells and plays a role in T cell and natural killer cell immune function. The company is on track to advance the candidate into a phase III registrational clinical study in patients with relapsed peripheral T cell lymphoma (PTCL) in the second quarter of 2024. In December, CRVS reported new interim data from its phase I/Ib c Show less Read more
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