Vascular Biogenics Ltd (NASDAQ: VBLT)
Vascular Biogenics is having a great start to the trading session today, and for good reason. The company released overwhelmingly positive results from a recent Phase II clinical study. As a result, the stock started to climb dramatically, causing our partners at Trade Ideas to alert us of the gains. Currently (10:13), VBLT is trading at $5.25 per share after a gain of $0.75 per share or 16.67% thus far today.
VBLT Releases Positive Phase II Data
As mentioned above, Vascular Biogenics is having a strong morning in the market today as the result of positive data from a recent Phase II trial. The trial was designed around VB-111, an experimental treatment designed for patients with advanced, differentiated thyroid cancer.
According to the release, the primary endpoint was met. The data showed that 47% of patients in the therapeutic dose cohort achieved PFS-6, compared to 25% in the sub-therapeutic cohort. Both groups in the study met the primary endpoint of 25% PFS response at 6 months or 25% PFS-6.
What We’ll Be Watching For Ahead
Moving forward, the CNA Finance team will be following VBLT incredibly closely. In particular, we’re interested in following the company’s ongoing work surrounding VB-111 as the treatment seems to be doing well in clinical studies. Nonetheless, we’ll continue to follow the story closely and bring you the news as it breaks!
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[Image Courtesy of Max Pixel]