Your Daily Pharma Scoop: ResTORbio Skyrockets, Corbus Moves Ahead, GSK Halted [Seeking Alpha]
RESTORBIO (TORC)
Last restorbio earnings: 3/12 07:30 am
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US:NASDAQ Investor Relations:
ir.restorbio.com/investor-resources/investor-faqi
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Source: Seeking Alpha
Summary Stocks in News: TORC, CRBP ResTORbio's RTB101 successful in mid-stage study; shares up 144% premarket Discussion : resTORbio's ( TORC ) RTB101 reported positive Phase 2b topline clinical trial of 256 patients with increased risk of respiratory tract infections (RTIs). The study met the primary endpoint. On the news of this successful reaching of the primary endpoint, the share price zoomed 144% ahead. In spite of the recent surge, the $361.79 M market-cap company is still trading at an attractive share price at $12.90; at the median of its 52-wk range of 7.54 - 21.09. During a 16-week treatment period a statistically significant section of the patients on trial had a meaningful reduction in laboratory-confirmed reduction. The candidate was compared against placebo. The decrease for all patients was 30% compared to placebo. It significantly went up in subgroups; for example, among the asthma patients, the comparative decrease rate was as high as 68.4% The ca
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