Xenetic says PeriNess enters clinical study agreement for DNase Platform
Clinical Study Agreement: Xenetic Biosciences' partner, PeriNess, has initiated a clinical study to investigate the safety and tolerability of DNase I in combination with anti-CD19 CAR T cells for patients with large B cell lymphoma, led by Dr. Ron Ram.
Study Objectives: The primary goal is to assess safety and tolerability, while secondary objectives focus on evaluating efficacy through complete response rates, duration of response, overall survival, and biomarker analysis related to CAR T expansion and persistence.
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What’s Driving the Rise of Pharmaceutical Stocks XBIO, UPC, XTLB, and ACXP Today?
Pharmaceutical Stock Movements: Several pharmaceutical stocks, including Xenetic Biosciences, Universe Pharmaceuticals, XTL Biopharmaceuticals, and Acurx Pharmaceuticals, saw significant pre-market gains despite no clear news or announcements explaining the rise.
Speculative Trading Influence: The surge in these stocks may be linked to speculative trading following a massive rally in Galecto shares, which spiked without news and then fell, indicating that retail traders are shifting their focus to other stocks for potential gains.
Xenetic Biosciences (XBIO) Reports Q2 Loss, Misses Revenue Estimates
Earnings Performance: Xenetic Biosciences reported a quarterly loss of $0.45 per share, better than the expected loss of $0.64, marking a 29.69% earnings surprise; however, revenues of $0.59 million fell short of estimates by 7.81%.
Market Outlook: The company's stock has underperformed with a 30.8% decline this year, and its future performance will depend on management's commentary and revisions to earnings estimates, currently rated as Zacks Rank #3 (Hold).
