HomeBusinessGilead stock plummets after lung cancer treatment trial underperforms.

Gilead stock plummets after lung cancer treatment trial underperforms.

Published on

Shares of Gilead Sciences Inc. took a sharp decline of 10.9% in premarket trading after disappointing trial results of their lung cancer treatment. The Phase 3 Evoke-01 study of Trodelvy vs. docetaxel did not meet its primary endpoint of overall survival in previously treated metastatic non-small cell lung cancer (NSCLC). Despite this setback, the company plans to discuss the results of the trial with regulators and expressed confidence in Trodelvy’s potential in metastatic NSCLC and their broader lung cancer clinical development program.

The stock’s decline puts it at risk for the biggest one-day drop since December 2014. However, Gilead Sciences Inc. remains optimistic about the potential of Trodelvy and the overall lung cancer clinical development program. The disappointing trial results have caused a significant decline in the stock price, with shares tumbling 10.9% in premarket trading. Despite the setback, the company aims to continue discussions with regulators and maintain confidence in the potential of their lung cancer treatment. Despite this, the company has expressed confidence in the potential of Trodelvy in treating metastatic NSCLC, and its broader lung cancer clinical development program.

Source link

Latest articles

Waterfront Restoration’s Expert Aquatic Weed Removal in Long Lake, MN

Frustrated by the weeds and invasive species preventing his family from enjoying the lake,...

Enhancing Paradise: The Ultimate Guide to Landscape Concrete Edging in Hawaii Island for Unbeatable Curb Appeal

As a Hawaii resident deeply entwined with your island roots, you understand the irresistible...

Leading-edge Irrigation Maintenance Services in Port Charlotte, FL by Shaffer’s Irrigation

Boosting the health of your landscape through efficient irrigation requires skill, knowledge and experience....

Experience Remarkable Terrazzo Refurbishing in Sarasota, FL with Intra State Terrazzo and Concrete

Keen on understanding the intricacies that underline the worth of hiring qualified service professionals...

More like this

Waterfront Restoration’s Expert Aquatic Weed Removal in Long Lake, MN

Frustrated by the weeds and invasive species preventing his family from enjoying the lake,...

Enhancing Paradise: The Ultimate Guide to Landscape Concrete Edging in Hawaii Island for Unbeatable Curb Appeal

As a Hawaii resident deeply entwined with your island roots, you understand the irresistible...

Leading-edge Irrigation Maintenance Services in Port Charlotte, FL by Shaffer’s Irrigation

Boosting the health of your landscape through efficient irrigation requires skill, knowledge and experience....