⌛ Did you miss ProPicks’ 13% gains in May? Subscribe now & catch June’s top AI-picked stocks early.Unlock Stocks

Why Is Cancer Focused Penny Stock Vincerx Pharma Trading Higher Today?

Published 08/01/2024, 15:14
Updated 08/01/2024, 17:11
© Reuters.  Why Is Cancer Focused Penny Stock Vincerx Pharma Trading Higher Today?
VCNX
-

Benzinga - by Vandana Singh, Benzinga Editor.

Vincerx Pharma Inc (NASDAQ: VINC) shares are trading higher after the company released clinical results from a Phase 1 NIH-sponsored study of enitociclib in combination with venetoclax and prednisone for relapsed/refractory lymphoma.

Investigators reported two partial responses (PR) in three peripheral T-cell lymphoma (PTCL) patients and one PR in 2 double-hit diffuse large B-cell lymphoma (DH-DLBCL) patients in an ongoing dose-escalation trial of enitociclib in combination with venetoclax and prednisone.

The company says enitociclib was well tolerated.

Ahmed Hamdy, CEO of Vincerx said, "Previous reports of venetoclax monotherapy in PTCL show low response rates; thus, we believe we are seeing compelling evidence for synergism between enitociclib and venetoclax in this patient population."

The company said VIP236 and VIP943, the lead drugs from VersAptx platform, are progressing through dose-escalation studies.

To date, 15 patients with relapsed/refractory advanced or metastatic solid tumors have been treated with VIP236, and the company is said to be observing an encouraging safety profile and preliminary evidence of clinical activity with once every 3-week dosing.

Enrollment in the second cohort of the VIP943 trial is nearly complete.

Preliminary pharmacokinetic results from the first cohort of our VIP943 antibody-drug conjugate trial show minimal free payload in circulation, consistent with the favorable safety profile observed to date.

Vincerx remains on target to report early clinical data from lead VersAptx platform compounds, VIP236 (early 2024) and VIP943 (mid-2024).

Price Action: VINC shares are up 18.60% at $1.40 on the last check Monday.

© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

Read the original article on Benzinga

Latest comments

Loading next article…
Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.