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

Dow Jones

Dec 17, 2024

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)

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