Pre-Market Movers: Marker Therapeutics Surges on MT-601 Potential, Trevena on Milestone Payment
- May 31st, 2023
- 274 views
Marker Therapeutics, Inc. (Nasdaq: MRKR) shared positive pre-clinical data regarding their T cell product candidate, MT-601, which targets multiple tumor-associated antigens (multiTAA) in lymphoma cells, including those resistant to CD19 CAR T cell therapy.
The data demonstrated the anti-tumor activity of MT-601 against CD19 CAR T refractory lymphoma cells in vitro, indicating its potential as a therapeutic option.
In pre-market, $MRKR was trading at $1.91, experiencing a significant increase of $0.59 (+44.69%).
On another note, Trevena, Inc. (Nasdaq: TRVN) disclosed that it received a $3 million milestone payment from its partner, Jiangsu Nhwa Pharmaceutical Co. Ltd. (Nhwa), following the approval of OLINVYK in China. Under the exclusive license agreement, Nhwa has the responsibility of developing, manufacturing, and commercializing OLINVYK in China.
Additionally, Trevena reaffirmed the anticipated receipt of $15 million in non-dilutive financing from R-Bridge upon the first commercial sale of OLINVYK in China, which Nhwa believes will take place in the third quarter of 2023.
$TRVN was trading at $1.37 in pre-market, showing a gain of $0.21 (+18.10%) following the announcement.
THIS IS NOT A RECOMMENDATION TO BUY OR SELL ANY SECURITY OR DIGITAL ASSET. Please consult with a professional investment advisor before purchasing or selling any securities viewed on or mentioned herein. (Read Full Disclaimer)
Post Your Comments
Want To Find Some News?
Recent Posts
-
Micron Technology, Jabil, and Birkenstock Earnings Preview: What to Expect
December 15th, 2024Upcoming Earnings: Synopsys, AeroVironment, and nCino in Focus
December 01st, 2024Countdown to Earnings: Salesforce, Marvell Technology, and Okta Take the Stage
December 01st, 2024Fluence Energy, Agilent Technologies, and Woodward Earnings On Deck: A Preview
November 24th, 2024Earnings Preview: Walt Disney, Applied Materials, and Celcuity Take Center Stage
November 11th, 2024
Member Login