Stock Track | CARsgen-B Soars 5.98% on Positive Topline Results from Phase II CAR-T Trial

Stock Track

2024-12-31

CARsgen Therapeutics Holdings Ltd (02171), a leading biotech company, witnessed a significant surge of 5.98% in its stock price during the intraday trading session on Tuesday.

This rally can be attributed to the company's announcement of positive topline results from a pivotal Phase II clinical trial in China for its Claudin18.2 CAR-T cell therapy, SATRI-CEL. The study met its primary endpoint of improved progression-free survival (PFS), showcasing the therapy's potential efficacy in treating gastric cancer and gastroesophageal junction adenocarcinoma.

Encouraged by these promising results, CARsgen anticipates submitting a New Drug Application (NDA) to the National Medical Products Administration (NMPA) in China during the first half of 2025, paving the way for potential market approval and commercialization of SATRI-CEL.

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