Allakos Reports Positive Phase 1 Clinical Trial Results for AK002

On February 19, Allakos, Inc. (ALLK) announced positive Phase 1 clinical trial results for its drug AK002, which is used to treat eosinophil and mast cell related diseases. The drug is being tested on patients with indolent systemic mastocytosis (ISM), a debilitating disorder caused by the release of inflammatory mediators from mast cells, who had an unsatisfactory response to antihistamine and steroid treatment. AK002 provided clinically meaningful improvements in symptoms and quality of life in this clinical trial.

 

Rocket Tickers detected the event at 8:00 am and sent an alert to subscribers. The stock price opened for regular market trading at $34.77.  The stock price rose throughout the event day and continued over the next four trading sessions. Allakos closed at $39.68 on February 25 for a gain of 14.1% over five trading sessions.

Visit the Knowledge Center for more information about clinical trials and how to trade them.

Check out our latest Live Webinar which provides more information about price patterns after clinical trial announcements and how to trade them.

Subscribe here if you would like to start receiving these signals in real-time and start trading!