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Stock impact report

Jim Cramer Shares Why Revolution Medicines (RVMD) is Extraordinary [Yahoo! Finance]

Revolution Medicines, Inc. (RVMD) 
Company Research Source: Yahoo! Finance
Revolution Medicines, Inc. (NASDAQ:RVMD) is a biotechnology company developing treatments to treat tumors. Its shares are up by a whopping 307% over the past year and by 89% year-to-date. Most of the gains related to Revolution Medicines, Inc. (NASDAQ:RVMD)'s stock have come courtesy of a 55% move in April. On the 13th, the stock 41% higher after the firm announced results of its Phase 3 RASolute 302 trial. The data showed Revolution Medicines, Inc. (NASDAQ:RVMD)'s treatment being able to help patients live a median of 13.2 months compared to the 6.7 months standard. Evercore ISI initiated coverage on the stock on February 25th as it set a $140 share price target and an Outperform rating. Data for Revolution Medicines, Inc. (NASDAQ:RVMD)'s phase 3 trial for the pancreatic cancer drug was part of Evercore's coverage. Cramer discussed the trial data and shared additional context: “Now this is I know for, because my mom died of cancer, you gotta be really be careful on this. Pancreati Show less Read more
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