Microsoft strongly encourages users to switch to a different browser than Internet Explorer as it no longer meets modern web and security standards. Therefore we cannot guarantee that our site fully works in Internet Explorer. You can use Chrome or Firefox instead.

Here's Why NewLink Genetics Is Vaulting 45% Higher Today

TheMotleyFool

0 0

Here's Why NewLink Genetics Is Vaulting 45% Higher Today

After updating data from its ongoing phase 2 trial of IDO-inhibitor indoximod in advanced melanoma, shares in NewLink Genetics Corporation (NASDAQ: NLNK) shares are jumping 45% at 12:15 p.m. EDT Thursday.

NewLink Genetics' IDO-inhibiting cancer drug pipeline was dealt blows earlier this summer when a mid-stage trial of indoximod in breast cancer patients failed and Roche Holdings returned the rights to GDC-0919, a second-generation IDO-inhibitor. The disappointments caused NewLink Genetics' shares to lose almost half of their value.

Image source: Getty Images.

Source: Fool.com

Like: 0

RHHBY

Share