Here's Why Precision BioSciences Is Soaring Today
Shares of Precision BioSciences (NASDAQ: DTIL) rose as much as 19.5% today, as the company continues to benefit from its pipeline update that took place on Nov. 6. The gene-editing company released initial clinical data from its first drug candidate, PBCAR0191, demonstrating its potential to treat cancers of white blood cells, such as non-Hodgkin lymphoma (NHL).
Two of the three patients in the low-dose cohort achieved an objective tumor response, while the third showed signs of anti-tumor activity. That's about as good as the company could have hoped for in the early stages of development. It's also reminding investors that CRISPR gene editing isn't the only game in town -- and that Precision BioSciences' specific approach could prove valuable in engineering immunotherapies.
As of 1:40 p.m. EST, the stock had settled to a 16.9% gain. The gene-editing stock is up 70% since the beginning of November.
Source Fool.com