Stock Track | ImmuneOnco Soars on Leukemia Drug's Phase 3 Trial Initiation

Stock Track

2024-11-12

Shares of ImmuneOnco Biopharmaceuticals (Shanghai) Co. Ltd. (HKG:01541) surged 18.66% on Monday after the company announced a major clinical milestone for its lead drug candidate IMM01.

The Chinese biotech firm dosed the first patient in a Phase 3 clinical trial evaluating IMM01 (Timdarpacept) in combination with azacitidine for the first-line treatment of chronic myelomonocytic leukemia (CMML), a type of rare blood cancer.

Initiation of this late-stage study marks an important inflection point for IMM01's clinical development program. Positive data from the Phase 3 trial would support regulatory submissions for the drug candidate as a potential new treatment option for CMML patients worldwide.

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Ltd. (HKG:01541) surged 18.66% on Monday after the company announced a major clinical milestone for its lead drug candidate IMM01.</p>\n\n<p>The Chinese biotech firm dosed the first patient in a Phase 3 clinical trial evaluating IMM01 (Timdarpacept) in combination with azacitidine for the first-line treatment of chronic myelomonocytic leukemia (CMML), a type of rare blood cancer.</p>\n\n<p>Initiation of this late-stage study marks an important inflection point for IMM01's clinical development program. 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