Ziopharm Receives FDA Clearance for IND with the National Cancer Institute

published 10:51 pm ET June 17th, 2019

Ziopharm Oncology (ZIOP) announced on June 11 that the FDA approved an investigational new drug (IND) application as part of a research and development project the company has with the National Cancer Institute. They will now begin clinical trials in solid tumors to evaluate T-cell receptor (TCR) T-cell therapy that uses Ziopharm’s Sleeping Beauty platform. This platform genetically modifies T-cells to help the body combat cancers.

 

Rocket Tickers issued an alert at 8:00 am. Ziopharm opened for trading at $4.22. The stock price rose throughout the day, and the run upwards continued over the next four trading sessions. Ziopharm closed at $5.72 on June 17 for a gain of 35.5%.

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