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Thursday, January 23, 2025

ALX Oncology stock falls amid Phase 2 data update

 ALX Oncology (NASDAQ:ALXO) stock fell 16% Thursday after the company reported updated data from a Phase 2 study called ASPEN-06 for its drug candidate evorpacept.

ALX said the data showed evorpacept generated a durable clinical response and exhibited a well-tolerated safety profile in patients with previously treated HER2-positive advanced gastric cancer or gastroesophageal junction cancer, according to a statement.

The updated results are scheduled to be presented Thursday at the 2025 American Society of Clinical Oncology Gastrointestinal Cancers Symposium in San Francisco.

https://www.msn.com/en-us/money/markets/alx-oncology-stock-falls-16-amid-phase-2-data-update/ar-AA1xJPbd?ocid=finance-verthp-feeds

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