financetom
Business
financetom
/
Business
/
Why Is Mid-Cap Cancer-Focused Replimune Stock Trading Higher On Thursday?
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Why Is Mid-Cap Cancer-Focused Replimune Stock Trading Higher On Thursday?
Jun 6, 2024 9:45 AM

Thursday, Replimune Group Inc ( REPL ) released topline results from the primary analysis of the IGNYTE clinical trial of RP1 plus nivolumab in anti-PD1 failed melanoma.

Bristol-Myers Squibb Co’s Nivolumab, sold under the brand name Opdivo, is an anti-cancer medication used to treat several types of cancer.

The results show that one-third of patients receiving RP1 plus nivolumab responded to treatment, improving upon the investigator-assessed data presented at ASCO 2024. All responses lasted longer than 6 months from baseline.

“The overall strength of the IGNYTE data and safety profile further highlights the potential of RP1 in a difficult treatment setting with limited options for patients,” said Sushil Patel, Ph.D., CEO of Replimune…We have shared the results with the agency and plan to request a pre-BLA meeting, in advance of our intended BLA submission. With these data in hand, we are preparing for a commercial launch next year.”

The anti-PD1 failed melanoma cohort from the IGNYTE clinical trial includes 140 patients who received RP1 plus nivolumab after confirmed progression while being treated with at least 8 weeks of prior anti-PD1 therapy (+/- anti-CTLA-4).

The topline results show the overall response rate was 33.6% by modified RECIST 1.1 criteria, the primary endpoint defined in the protocol, and 32.9% by RECIST 1.1 criteria, an additional analysis requested by the FDA.

Responses from the baseline were highly durable, with all responses lasting more than six months and the median duration of response exceeding 35 months.

RP1 combined with nivolumab continues to be well-tolerated, with mainly Grade 1-2 constitutional-type side effects observed. There were no Grade 5 events.

Price Action: REPL shares are up 28.40% at $7.14 at the last check on Thursday.

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 >
Macy's Insider Sold Shares Worth $291,743, According to a Recent SEC Filing
Macy's Insider Sold Shares Worth $291,743, According to a Recent SEC Filing
Apr 2, 2024
01:15 PM EDT, 04/02/2024 (MT Newswires) -- Antony Spring, Director, CEO & Chair-Elect, on March 31, 2024, sold 14,859 shares in Macy's (M) for $291,743. Following the Form 4 filing with the SEC, Spring has control over a total of 248,897 shares of the company, with 248,897 shares held directly. SEC Filing: https://www.sec.gov/Archives/edgar/data/794367/000079436724000104/xslF345X03/wk-form4_1712077821.xml Price: 19.11, Change: -0.44, Percent Change: -2.23...
Microsoft 'Being Proactive' When it Unbundled Teams from Office Globally, Macquarie Says
Microsoft 'Being Proactive' When it Unbundled Teams from Office Globally, Macquarie Says
Apr 2, 2024
01:11 PM EDT, 04/02/2024 (MT Newswires) -- Microsoft ( MSFT ) was being proactive when it unbundled Teams from Office globally, Macquarie said in a note Monday, citing a Reuters report on the company's decision. The company did the same in Europe in 2023 to avoid the scrutiny of antitrust investigators after Slack owner Salesforce ( CRM ) accused Microsoft...
Italy's Eni mulls sale of newswire AGI amid conflict of interest row
Italy's Eni mulls sale of newswire AGI amid conflict of interest row
Apr 2, 2024
MILAN (Reuters) - Eni is evaluating an expression of interest for its newswire Agenzia Giornalistica Italia (AGI), a spokesperson for the energy group said on Tuesday, adding the discussion was preliminary and non-exclusive. The possible sale of Italy's second largest news agency to a lawmaker from the rightwing, co-ruling League party, has been widely reported in Italian media in recent...
Macy's Insider Sold Shares Worth $260,716, According to a Recent SEC Filing
Macy's Insider Sold Shares Worth $260,716, According to a Recent SEC Filing
Apr 2, 2024
01:10 PM EDT, 04/02/2024 (MT Newswires) -- Adrian V Mitchell, Executive Vice President, COO & CFO, on March 31, 2024, sold 13,279 shares in Macy's (M) for $260,716. Following the Form 4 filing with the SEC, Mitchell has control over a total of 120,457 shares of the company, with 120,457 shares held directly. SEC Filing: https://www.sec.gov/Archives/edgar/data/794367/000079436724000102/xslF345X03/wk-form4_1712077735.xml Price: 19.08, Change: -0.47,...
Copyright 2023-2026 - www.financetom.com All Rights Reserved