Why Kadmon Holdings Jumped Today

Shares of Kadmon Holdings (NYSE: KDMN) are getting a boost on Thursday after the biopharmaceutical company reported positive results from a clinical trial for one of its most promising pipeline candidates, KD025. Kadmon Holdings' stock is up by 8.4% as of 1:05 p.m. today.

KD025 is being investigated as a treatment for chronic graft-versus-host disease (cGVHD), a condition that sometimes manifests itself in a patient following a stem cell transplant and for which there are few treatment options. Today, Kadmon Holdings revealed that the primary analysis of the data from a pivotal clinical trial for KD025 as a treatment for cGVHD revealed that KD025 "achieved clinically meaningful and statistically significant Overall Response Rates."

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Source Fool.com