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Here's Why Merus Stock Is Flying Higher Today

TheMotleyFool

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Here's Why Merus Stock Is Flying Higher TodayPhoto, wide shot, wide-angle lens, Biotech company, Blue hour, twilight, cool, ISO1200, slow shutter speed, photo by Sebastião Salgado: https://img.theapi.app/temp/80e18bfd-1ff8-4487-af62-1cdb7de1ceb6.png

Shares of Merus (NASDAQ: MRUS), a clinical-stage biopharmaceutical company, are soaring today in response to positive clinical trial results. Investors impressed with the company's latest presentation pushed the stock 39% higher as of 10:16 a.m. EDT on Thursday.

Today, Merus presented data from a clinical trial with MCLA-158 in patients with head and neck squamous cell cancer (HNSCC). The company also presented some pre-clinical data from its lead asset, zenocutuzumab, but all eyes were on MCLA-158.

Image source: Getty Images.

Source Fool.com

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