Here's Why NGM Biopharmaceuticals Is Soaring Today
Shares of NGM Biopharmaceuticals (NASDAQ: NGM), a clinical-stage biotechnology company, jumped as much as 41% on Monday morning. The stock was up about 19% as of 10:52 a.m. EST. The double-digit boost is a response to the release of encouraging data from a phase 2 clinical trial.
NGM reported results from its 24-week phase 2 trial that was testing its experimental drug called aldafermin as a hopeful treatment for non-alcoholic steatohepatitis (NASH).
Here are the key takeaways from the trial:
Source Fool.com
