Winners and Losers From the Biggest Cancer Meeting of the Year (So Far) [The Motley Fool]
ENDOCYTE (ECYT)
Last endocyte earnings: 11/7 04:01 pm
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US:NASDAQ Investor Relations:
investor.endocyte.com/investor-relations
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Source: The Motley Fool
The meeting hasn't even started, and stocks are already moving. The American Society for Clinical Oncology (ASCO) annual meeting doesn't start for a few weeks, but a few companies made big moves on Thursday based on data in their abstracts that were released Wednesday evening. Here's a breakdown of the pops and drops and a look at what to expect when ASCO kicks off on June 1. Winner: Endocyte Endocyte 's ( NASDAQ:ECYT ) data from a phase 2 trial testing its prostate cancer drug 177Lu-PSMA-617 showed the drug could lower prostate-specific antigen (PSA), a marker for prostate cancer. Specifically, the drug reduced PSA by at least 50% in 62% of patients and by at least 80% in 44% of patients. Investors will have to wait for the meeting to get overall survival data, but presumably, it'll be solid enough because Endocyte has already committed to running a phase 3 trial for 177Lu-PSMA-617, which is scheduled to begin this quarter. Image source: Getty Images. Win
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