Black Diamond Therapeutics Inc shares have experienced a significant surge, doubling in value, following the release of positive initial dose escalation data. This data showcases the anti-tumor activity of BDTX-1535 in patients with non-small cell lung (NSCL) cancer. The encouraging results from the Phase 1 study demonstrate clinical proof of activity in NSCL cancer patients who have acquired resistance and intrinsic driver epidermal growth factor receptor (EGFR) mutations.
The market responded swiftly to this news, propelling the company’s shares to increase by over 250% during the open session trading day, reaching a high of the day of $6.76. This impressive growth reflects investors’ optimism in the potential of BDTX-1535 as a leading treatment option for NSCLC patients who have developed resistance to osimertinib.
Black Diamond’s Chief Medical Officer, Sergey Yurasov, emphasized the significance of the initial safety and clinical activity data. He expressed confidence in the continued development of BDTX-1535, highlighting its potential as a first-in-class and best-in-class therapy for osimertinib-resistant NSCLC patients. Yurasov also emphasized that BDTX-1535 stands out as the first EGFR TKI (tyrosine kinase inhibitor) to demonstrate radiographic responses across NSCLC patients with diverse mutation families, including acquired resistance mutations after osimertinib therapy, as well as classical and intrinsic driver mutations. This achievement provides clinical validation for Black Diamond’s innovative approach of targeting mutation families with a single drug, known as the MasterKey approach.
BDTX-1535, an investigational fourth-generation epidermal growth factor receptor MasterKey inhibitor, is currently under development for the treatment of non-small cell lung cancer and glioblastoma multiforme.
This remarkable growth in Black Diamond Therapeutics Inc shares underscores the immense potential and market excitement surrounding BDTX-1535’s efficacy in treating NSCL cancer patients with acquired resistance and intrinsic driver mutations.
NASDAQ, BDTX: Black Diamond Therapeutics, Inc shares rebounded off the opening pullback low-of-the day of 3.15, with shares seeing a high of the day of $6.76 for the 114.92% VIP member upside gains. Today’s, VipLiveAlerts-Pro early Premarket members exclusive top pick. Shares have surged 250% on Tuesday, at the time of writing.
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