Here's Why Loxo Oncology Stock Gained 40.8% in May [The Motley Fool]
LOXO ONCOLOGY (LOXO)
Last loxo oncology earnings: 11/8 06:45 am
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Source: The Motley Fool
The promising biopharma had a presentation selected for the coveted Best of ASCO track, then delivered the goods in early June. Maxx Chatsko ( TMFBlacknGold ) Jun 8, 2018 at 8:47AM What happened Shares of Loxo Oncology ( NASDAQ:LOXO ) rose nearly 41% last month, according to data provided by S&P Global Market Intelligence . In the middle of May, the development-stage biopharma merely announced it would give two presentations at the American Society of Clinical Oncology (ASCO) annual meeting in early June. Investors got excited because one of those presentations was selected for the Best of ASCO program, which aggregates the highest-impact research into a special two-day event. In other words, investors took the special treatment as an indication that the data presented on a promising drug candidate, LOXO-292, was going to deliver exciting r
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