Global Blood Therapeutics Inc. Jumped as Much as 14% on This News
Shares of San Francisco-based Global Blood Therapeutics (NASDAQ: GBT), a small-cap developer of experimental therapies focused on treating blood-based disorders, rocketed higher by as much as 14% during Monday's trading session after reporting a positive case study this past weekend involving its lead drug candidate, voxelotor (previously known as GBT440).
The case study, which was presented at the Sickle Cell Disease Association of America's annual convention, highlighted a patient with sickle cell disease who was ineligible to participate in the company's ongoing phase 3 Hope trial due to severe transfusion-refractory anemia. As you can infer from the stock's strong move higher on Monday, voxelotor appears to have helped this patient, who received voxelotor on a compassionate-use basis.
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Source: Fool.com