Here's Why Spark Therapeutics Inc. Surged 23.5% in August

Here's Why Spark Therapeutics Inc. Surged 23.5% in August

Shares of Spark Therapeutics Inc. (NASDAQ: ONCE), a clinical-stage biotech developing gene therapies, rose 23.5% in August, according to data from S&P Global Market Intelligence. The company pleased investors with clinical trial data for a hemophilia drug in early stage development.

The FDA recently accepted the company's first new drug application that could make Luxturna an important option for patients with a rare gene mutation that leads to blindness. It might be a phase 1/2 study, but early results for hemophilia A candidate SPK-8011 suggests that more candidates emerging from Spark Therapeutics' proprietary discovery platform could reach the agency's inbox in the years ahead. 

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Source: Fool.com