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Stock impact report

Relay Therapeutics (RLAY) Falls Hard on Profit-Taking From 74% April Jump [Yahoo! Finance]

Relay Therapeutics, Inc. (RLAY) 
Company Research Source: Yahoo! Finance
Relay Therapeutics dropped for a second day on Tuesday, slashing 12.84 percent to finish at $13.03 apiece, as investors appeared to have taken profits after already jumping by 74 percent this month, thanks to positive data from its cancer treatment candidate, Zovegalisib. On Monday, Relay Therapeutics Inc. (NASDAQ:RLAY) announced that it would officially kick off the third phase of its clinical study for zovegalisib in combination with atirmociclib—Pfizer's investigational, potential first-in-class CDK4 inhibitor—to test their efficacy in treating patients with PI3Ka-mutated, HR+/HER2- metastatic breast cancer. For illustration purposes only. Photo by RDNE on Pexels Zovegalisib is currently being evaluated in the ReDiscover trial, which aims to test the latter's combination with fulvestrant and CDK inhibitors. As of April 13, 69 total patients were enrolled, with 62 patients at or below the potential Phase 3 dose, and 34 patients with measurable disease evaluable for response Show less Read more
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