Actuate Therapeutics Shares Rise 12% on Positive Phase 2 Trial to Treat Metastatic Pancreatic Ductal Cancer

Dow Jones

2024-12-17

By Sabela Ojea

Shares of Actuate Therapeutics on Tuesday climbed after the company said that it received positive data from its phase 2 trial of elraglusib in combination with gemcitabine/nab-paclitaxel to treat metastatic pancreatic ductal cancer.

The stock was up 12% to $9.73 in pre-market trading.

The clinical-stage biopharmaceutical company said that the trial has shown that the combination of the treatments statistically increases in one-year the survival rate and median overall survival when compared to taking gemcitabine/nab-paclitaxel alone.

Pancreatic ductal adenocarcinoma is the common type of this lethal disease, with an average five-year survival rate of less than 10%, according to the National Institutes of Health.

Write to Sabela Ojea at sabela.ojea@wsj.com; @sabelaojeaguix

(END) Dow Jones Newswires

December 17, 2024 08:52 ET (13:52 GMT)

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

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