Is Now the Perfect Time to Buy Juno Therapeutics Stock?
Juno Therapeutics (NASDAQ: JUNO), a clinical-stage oncology company, continued its unrelenting rally this year by tacking on another $5 billion to its market cap in November, according to data from S&P Global Market Intelligence. Juno's market capitalization has thus risen by a whopping $40 billion since the start of 2017.
The overarching catalyst behind Juno's surge higher has been the rapid clinical progress of its lead CAR-T therapy, JCAR017, as a potential treatment for relapsed or refractory aggressive B-cell non-Hodgkin lymphoma (NHL). During the company's third-quarter conference call, the biotech's management noted that JCAR017 produced an exceptional overall response rate of 80% in a small, early stage trial. Even more critically, JCAR017's safety profile was also among the best ever reported for a CAR-T therapy.
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Source: Fool.com
