ITeos Therapeutics Shares Gain as Company Seeks Strategic Alternatives

Dow Jones

05-14

By Katherine Hamilton

ITeos Therapeutics shares climbed after the company said it would evaluate strategic alternatives.

The stock rose 16% to $8.01 on Tuesday, putting it on track for its largest percent increase in a year. Shares are up 7% this year.

The biopharmaceutical company, focused on immuno-oncology treatments, will "promptly evaluate a full range of strategic alternatives to unlock the value of our assets," Chief Executive Michel Detheux said Tuesday.

Detheux's statement came as the company said it was ending a trial due to results he called disappointing. The Phase 2 study, sponsored by GSK, didn't meet its secondary endpoint of progression free survival. The trial was testing a combination of the drugs belrestotug and dostarlimab to treat a certain non-small cell lung cancer.

Along with the results, Detheux cited current market conditions as a factor in the strategic alternatives search. He said iTeos is well positioned to pursue opportunities that maximize shareholder value.

Write to Katherine Hamilton at katherine.hamilton@wsj.com

(END) Dow Jones Newswires

May 13, 2025 14:09 ET (18:09 GMT)

Copyright (c) 2025 Dow Jones & Company, Inc.

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Shares are up 7% this year. \n</p>\n<p>\n  The biopharmaceutical company, focused on immuno-oncology treatments, will \"promptly evaluate a full range of strategic alternatives to unlock the value of our assets,\" Chief Executive Michel Detheux said Tuesday. \n</p>\n<p>\n  Detheux's statement came as the company said it was ending a trial due to results he called disappointing. The Phase 2 study, sponsored by GSK, didn't meet its secondary endpoint of progression free survival. The trial was testing a combination of the drugs belrestotug and dostarlimab to treat a certain non-small cell lung cancer. \n</p>\n<p>\n  Along with the results, Detheux cited current market conditions as a factor in the strategic alternatives search. He said iTeos is well positioned to pursue opportunities that maximize shareholder value. \n</p>\n<pre>\n \n</pre>\n<p>\n  Write to Katherine Hamilton at katherine.hamilton@wsj.com \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  May 13, 2025 14:09 ET (18:09 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":null,"symbol_name":null,"start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2535887440","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2535887440","pubTimestamp":1747159740,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"ITeos Therapeutics shares climbed after the company said it would evaluate strategic alternatives.The stock rose 16% to $8.01 on Tuesday, putting it on track for its largest percent increase in a year. 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He said iTeos is well positioned to pursue opportunities that maximize shareholder value.","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{},"translate_title":"ITeos Therapeutics寻求战略替代方案，股价上涨","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"ITOS":0.9,"LENZ":1},"content_text":"By Katherine Hamilton \n\n\n \n\n\n  ITeos Therapeutics shares climbed after the company said it would evaluate strategic alternatives. \n\n\n  The stock rose 16% to $8.01 on Tuesday, putting it on track for its largest percent increase in a year. Shares are up 7% this year. \n\n\n  The biopharmaceutical company, focused on immuno-oncology treatments, will \"promptly evaluate a full range of strategic alternatives to unlock the value of our assets,\" Chief Executive Michel Detheux said Tuesday. \n\n\n  Detheux's statement came as the company said it was ending a trial due to results he called disappointing. 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