good to see some action somewhere. will play NEWLF and FREEF tomorrow. you can make a killing in penny land or loss a ton, but like this trade.
At the ASCO Conference on Monday, Vascular Biogenics Ltd
reported the updated response rate and mOS results for the ongoing Phase I/II trials of VB-111 in platinum-resistant ovarian cancer.
Piper Jaffray’s Charles C. Duncan reiterated an Overweight rating on the company, with a price target of $14.
The data presented by Vascular Biogenics showed a 60 percent response rate through CA-125 biomarker reduction.
Related Link: Vascular Biogenics Surges 80% Off Double Catalyst
Duncan mentioned this strengthens confidence in the platform and “VB-111’s potential to demonstrate efficacy in a second, challenging indication in addition to GBM.”
In the high dose arm, subjects with ovarian cancer achieved a significant mOS over those on low dose.
With regard to safety, VB-111 was “well tolerated,” with no DLTs being reported, although they “observed possibly drug related SAEs, which are to-date unconfirmed.”
“On these results, VBLT traded higher, but our KOL diligence points to investigator interest in the differentiated MOA and hypothesis generating data,” Duncan stated.
The analyst expects a favorable outcome around the imminent EPO2 meeting for ovarian cancer with the FDA, expected in 3Q16, while rGBM Phase 3 enrollment updates offer platform visibility in 2H16.
VBLT may be the best. If not a close second. Will soon be a 12+ stock. Big pharma is running out of drugs. They will likely try to takeover this company as they have phase 2/3 trials that look very promising.
oversold and moving nicely.