Hot update initiated MacroGenics, Inc. (MGNX) surge in the Post-market session

MacroGenics, Inc. (NASDAQ: MGNX), shares zipped 13.27% in the post-market to reached $28. A biopharmaceutical corporation devoted to the production and promotion of novel cancer medication monoclonal antibody-based therapeutics has confirmed that the U.S. MARGENZA, in combination with chemotherapy, has been regulated by the FDA for the treatment of adult patients with metastatic HER2-positive breast cancer who have undergone two or more previous anti-HER2 regimens, plus at least one for metastatic disease.

MARGENZA is being further developed by MacroGenics, with funding from Zai Lab in Greater China, for the treatment of advanced gastric cancer. The acceptance in the U.S. for breast cancer was focused on the safety and effectiveness findings of the Phase 3 SOPHIA pivotal trial.

#1 Small-Cap Uranium Stock for Ultra-Fast Gains in 2024

We've uncovered THE ONE small-cap uranium stock that has unearthed a near-surface, high-grade uranium discovery in the Saudi Arabia of Uranium — Canada's prolific Athabasca Basin. Best of all, this small-cap uranium stock is currently flying just below Wall Street's radar… giving you the early-entry opportunity around US$0.30 per share. But that won't last long. Drills are turning right now with results set to be released to the market very, very soon.

Learn all about it in this brand new FREE online report.

MARGENZA’s approval was based on the results of SOPHIA, a randomized Phase 3 clinical trial. This study included 536 patients and found a statistically significant 24% reduction in the risk of progression or death with MARGENZA plus chemotherapy compared with trastuzumab plus chemotherapy (P=0.033; median PFS 5.8 vs 4.9 months). The objective response rate for MARGENZA plus chemotherapy was 22% and for trastuzumab plus chemotherapy was 16%. The final Overall Survival (OS) analysis is expected in the second half of 2021.

Read More

Most Popular

Related posts