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Tuesday, July 14, 2020

Vaccinex adds to rally ahead of expected readout from Huntington’s study

Vaccinex (VCNX +18.3%) is up again, although 19% off the intraday high of $6.64, adding to its week-long rally after announcing that it remains on track to complete the pivotal Phase 2 SIGNAL study evaluating lead drug pepinemab in Huntington’s disease patients on schedule. Shares have rallied almost 50% since then.
According to ClinicalTrials.gov, the estimated completion was May so topline data should be available soon.
Pepinemab is a humanized monoclonal antibody that blocks the signaling of a protein called semaphorin 4D (SEMA4D) that regulates the migration and function of immune and inflammatory cells. The company is also investigating its potential in Alzheimer’s disease and progressive multiple sclerosis.

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