BUZZ-ALX Oncology rises as early breast cancer trial shows promise

Reuters

01/30

BUZZ-<a href="https://laohu8.com/S/ALXO">ALX Oncology</a> rises as early breast cancer trial shows promise

** Shares of drug developer ALX Oncology ALXO.O rise 4.46% to $1.64 premarket

** Co says experimental cancer drug, evorpacept, showed encouraging results in an early-stage trial for patients with advanced breast cancer

** Co says 5 of 9 patients saw tumor shrinkage; treatment worked better in patients with higher CD47 levels, a protein that helps cancer evade the immune system

** Co says median time before cancer worsened was 7.4 months

** Shares down ~32% in 2025

(Reporting by Sahil Pandey in Bengaluru)

((Sahil.Pandey@thomsonreuters.com))

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