U.S. Stocks Open Lower on Tuesday; Genprex Surges Another 125% After Soaring 266% Yesterday

Tiger Newspress
2024-10-22

US stocks fell for a second day Tuesday as a back-up in interest rates overshadowed a solid start to earnings reporting season.

Gene therapy company Genprex surged another 125% in morning trading on Tuesday after soaring 266% on Monday. Genprex’s gene therapy trial progress are driving strong interest.

Last week, US-based Genprex has received approval from the Safety Review Committee (SRC) to proceed to the highest dose group of 0.12mg/kg in the Phase I portion of the Acclaim-3 trial of Reqorsa Gene Therapy (quaratusugene ozeplasmid) for extensive stage small cell lung cancer (ES-SCLC).

The trial is designed to evaluate the gene therapy, along with Genentech’s Tecentriq (atezolizumab) as maintenance therapy, for ES-SCLC patients.

This latest move comes after the company completed the 0.09mg/kg dose group.

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