Here's Why Assembly Biosciences Jumped Again on Thursday
Shares of Assembly Biosciences (NASDAQ: ASMB), a clinical-stage biopharmaceutical company, jumped for the second day in a row. There was a lot to unpack in a pair of abstracts released on Wednesday that will accompany a late-breaking poster presentation at the American Association for the Study of Liver Diseases (AASLD) annual meeting next month.
Investors thrilled with signs of success for the company's experimental hepatitis B therapies ABI-H0731 and ABI-H2158 drove the biotech stock 21% higher on Thursday and 61.7% higher over the past two trading sessions.
There still aren't any cures available for around 250 million people infected with the hepatitis B virus (HBV), and Assembly Biosciences was beaten up earlier this year for not delivering on a promise to completely cure the virus with ABI-H0731. The stock is still worth far less than it was a year ago, but investors have come around to the idea that a new standard antiviral treatment that almost cures HBV is still worth a great deal.
Source Fool.com
