financetom
Business
financetom
/
Business
/
What's Going On With REGENXBIO Shares Monday?
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
What's Going On With REGENXBIO Shares Monday?
Nov 19, 2024 9:02 PM

REGENXBIO Inc. ( RGNX ) stock is trading higher on Monday after the company reached a critical point in its trial for Duchenne gene therapy.

The Details: The company announced that it has dosed the first patient in its trial for RGX-202, a potential gene therapy designed to treat Duchenne muscular dystrophy.

In addition, REGENXBIO ( RGNX ) announced positive results from the Phase I/II portion of the study. Specifically, the company saw functional improvements in all patients treated with dose level one and dose level two at 12 and 9 months respectively. A favorable safety profile was observed at both dose levels, with no serious adverse events.

“The totality of our data demonstrates that RGX-202 provides evidence of improving outcomes for boys with Duchenne and altering the trajectory of this devastating disease, with consistent, robust expression of our novel microdystrophin translating into significant clinical benefit,” said Curran M. Simpson, President and CEO of REGENXBIO ( RGNX )

“Based on the strength of the Phase I/II data and our positive discussions and alignment with the FDA, we are quickly advancing RGX-202 toward a BLA filing in 2026 using the accelerated approval pathway. We continue to evaluate opportunities to expand the RGX-202 program to benefit Duchenne patients worldwide.”

How To Buy REGENXBIO Shares

Besides going to a brokerage platform to purchase a share – or fractional share – of stock, you can also gain access to shares either by buying an exchange traded fund (ETF) that holds the stock itself, or by allocating yourself to a strategy in your 401(k) that would seek to acquire shares in a mutual fund or other instrument.

For example, in Regenxbio's ( RGNX ) case, it is in the Health Care sector. An ETF will likely hold shares in many liquid and large companies that help track that sector, allowing an investor to gain exposure to the trends within that segment.

See Also: Elon Musk Reacts After Brazilian President’s Wife Swears At Tesla CEO: ‘They Will Lose The Next Election’

RGNX Price Action: At the time of writing, REGENXBIO ( RGNX ) stock is trading 7.7% higher at $10.37, according to data from Benzinga Pro.

Image: Photo via Shutterstock

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Sprinklr Names Amitabh Misra CTO
Sprinklr Names Amitabh Misra CTO
Mar 28, 2024
09:18 AM EDT, 03/28/2024 (MT Newswires) -- Sprinklr ( CXM ) said Thursday it has named Amitabh Misra as chief technology officer, effective April 1. The company said Misra most recently served as vice president of Engineering at Adobe (ADBE). Shares of the company were up more than 12% in recent Thursday premarket activity. Price: 14.32, Change: +1.31, Percent Change:...
Amazon's Senior Staff May Reportedly Not Get Cash Pay Raises This Year
Amazon's Senior Staff May Reportedly Not Get Cash Pay Raises This Year
Mar 28, 2024
09:16 AM EDT, 03/28/2024 (MT Newswires) -- Amazon.com ( AMZN ) may not give its senior staff cash pay raises this year as the company plans to prioritize base pay increases for employees whose compensation does not include stock-related awards, media reports said Wednesday. For this year's compensation cycle, we are prioritizing cash base pay increases for employees whose compensation...
Gap Insider Sold Shares Worth $485,880, According to a Recent SEC Filing
Gap Insider Sold Shares Worth $485,880, According to a Recent SEC Filing
Mar 28, 2024
09:20 AM EDT, 03/28/2024 (MT Newswires) -- Mark Breitbard, President & CEO, Gap Brand, on March 26, 2024, sold 17,392 shares in Gap (GPS) for $485,880. Following the Form 4 filing with the SEC, Breitbard has control over a total of 123,985 shares of the company, with 123,985 shares held directly. SEC Filing: https://www.sec.gov/Archives/edgar/data/39911/000003991124000109/xslF345X03/edgardoc.xml Price: 27.14, Change: -0.15, Percent Change:...
Why China Automotive Systems Shares Are Shooting Higher Today
Why China Automotive Systems Shares Are Shooting Higher Today
Mar 28, 2024
China Automotive Systems, Inc ( CAAS ) shares are trading higher after the company reported fourth-quarter FY23 sales growth of 23.6% year-on-year to $159.20 million. The gross profit margin expanded by 240 basis points Y/Y to 21.8%, and the gross profit climbed 38.8% to $34.7 million. The operating income for the quarter was $13.6 million versus an operating loss of $(2.6) million...
Copyright 2023-2026 - www.financetom.com All Rights Reserved