Corvus Pharmaceuticals Shares Rise 14% Ahead of Soquelitinib Trial Data Reveal

Dow Jones

2024-12-18

By Denny Jacob

Corvus Pharmaceuticals shares rose 14% in after-market trading after the company said it would announce interim data from a Phase 1 clinical trial evaluating soquelitinib in patients with moderate to severe atopic dermatitis.

Shares were trading around $8.40 late Tuesday. For the year, the stock is up 320%.

The clinical-stage biopharmaceutical company said it will announce its data on Wednesday in a press release and present during a conference call and webcast.

Soquelitinib is an investigational treatment that selectively inhibits ITK, an enzyme that is expressed mostly in T cells and plays a role in T cell and natural killer cell immune function, according to Corvus.

Write to Denny Jacob at denny.jacob@wsj.com

(END) Dow Jones Newswires

December 17, 2024 17:53 ET (22:53 GMT)

Copyright (c) 2024 Dow Jones & Company, Inc.

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For the year, the stock is up 320%. \n\n\n  The clinical-stage biopharmaceutical company said it will announce its data on Wednesday in a press release and present during a conference call and webcast. \n\n\n  Soquelitinib is an investigational treatment that selectively inhibits ITK, an enzyme that is expressed mostly in T cells and plays a role in T cell and natural killer cell immune function, according to Corvus. \n\n\n \n\n\n  Write to Denny Jacob at denny.jacob@wsj.com \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  December 17, 2024 17:53 ET (22:53 GMT)\n\n\n  Copyright (c) 2024 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"dataReport","news_rank":0,"symbols":[],"gpt_button":1}}}