OncoSec's ImmunoPulse IL-12 Fast Track'd for melanoma; shares ahead 19% premarket [Seeking Alpha]
OncoSec Medical Incorporated (ONCS)
Last oncosec medical incorporated earnings: 12/13 05:01 pm
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US:NASDAQ Investor Relations:
oncosec.com/tag/investor-relations
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Source: Seeking Alpha
Thinly traded nano cap OncoSec Medical (NASDAQ: ONCS ) is up premarket on increased volume in response to its announcement that the FDA has granted Fast Track status for ImmunoPulse IL-12 for the treatment of metastatic melanoma following progression on pembrolizumab (Merck's KEYTRUDA) or nivolumab (Bristol-Myers Squibb's Opdivo). The Fast Track designation provides for more frequent interactions with the FDA review team and a rolling review of the NDA. ImmunoPulse IL-12 delivers a pulsed electric field to cells via a hand-held applicator which temporarily increases the porosity of the cell membranes (electroporation). DNA IL-12 is then delivered to the electroporated cells which triggers each cell to produce and secrete IL-12 protein which then identifies and eliminates cancer cells as part of a natural immune response. Now read: Biotech Forum Daily Digest: Biotech Awaits Clarity; Differing Opinions On Biogen; Spotlight On Paratek »
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