CARsgen-B's stock surged 5.91% during intraday trading on Thursday, driven by positive pipeline developments.
The company announced that research abstracts for two of its universal CAR-T cell therapies, CT0596 and CT1190B, have been accepted for poster presentation at the upcoming European Hematology Association annual meeting. CT0596 targets BCMA for relapsed/refractory multiple myeloma and plasma cell leukemia, while CT1190B targets CD19/CD20 for relapsed/refractory B-cell non-Hodgkin lymphoma. This acceptance signifies a key pipeline advancement, with the company planning to initiate Phase Ib clinical trials for both candidates.