Karypharm Reports Positive Results From Phase 2b Clinical Trial of Selinexor

published 10:56 pm ET May 8th, 2018

On April 30, Karyopharm Therapeutics, Inc. (KPTI) announced positive results from its phase 2b STORM study examining the effect of Selinexor in patients with penta-refractory multiple myeloma. The clinical trial showed that patients had a 25.4% overall response rate to the treatment. Based on the results, Karyopharm plans to submit a New Drug Application to the FDA during the second half of 2018 with a request for accelerated approval.

 

Rocket Tickers alerted subscribers to the event at 4:05 pm. The next trade took place for $15.75 at 4:35 pm. Regular market trading opened the next morning at $15.01. After a decline throughout the day after the announcement, the stock price climbed over the next five trading days. Karyopharm closed at $16.94 on May 8.

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