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0.00418848167539258 0.00823036649214657 0.0048167539267015 0.0209424083769633 0.0450261780104712 0.0106701570680629 0.0073298429319372 0.000921465968586286
Stock impact report

Molecular Templates up 21% on heavy volume [Seeking Alpha]

Molecular Templates, Inc. (MTEM) 
Last molecular templates, inc. earnings: 11/12 05:00 pm Check Earnings Report
US:NASDAQ Investor Relations: ir.mtem.com/investor-relations
Company Research Source: Seeking Alpha
Molecular Templates up 21% on heavy volumeMicro cap Molecular Templates (MTEM+20.7%) breaks through near-term resistance on a 5x surge in volume on no particular news.Frequently this type of action presages an equity offering, but the company had ~$68M in cash at the end of Q3 while operations consumed $6.4M over the first three quarters so it is not facing funding pressure.Lead candidate MT-3724 is being evaluated in an early-stage expansion study in diffuse large B-cell lymphoma. Topline data should be available in H1 2018. A Phase 2 trial should commence next year as well.Previously:Early-stage study underway for Molecular Templates' blood cancer candidate MT-3724; shares up 2% (Oct. 24)Click to subscribe to real-time analytics on MTEMNow read:Novavax: Punts On NanoFlu, Accelerates RSV » Show less Read more
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