Why Are Marker Therapeutics Shares Trading Lower On Thursday?
Marker Therapeutics Inc (NASDAQ: MRKR) shares are trading lower after Roth Capital downgrades the company from Buy to Neutral and lowers the price target from to .
The company reported initial results from the Phase 2 trial for MT-401 as a treatment option for Acute myeloid leukemia (AML) in the post-transplant setting.
No dose-limiting toxicities, cytokine release syndrome, or neurotoxicity were observed.
1 MRD+ patient became MRD- after infusion with MT-401.
No objective responses from the frank relapse patients were observed.
The company developed and is implementing a new nine-day MultiTAA-specific T cell manufacturing process.
The new manufacturing process marks additional improvements compared to the methods used in the Baylor College of Medicine Phase 1/2 trials (36-day manufacturing time) and the current AML trial (20-day manufacturing time).
Marker plans to file Investigational New Drug applications (INDs) for MT-601 in pancreatic cancer and lymphoma in 2022 and expects to initiate these trials in 2023.
Price Action: MRKR shares are down 22.30% at $0.48 during the market session on the last check Thursday.
Latest Ratings for MRKR
Feb 2022 | Roth Capital | Downgrades | Buy | Neutral |
Mar 2021 | Piper Sandler | Initiates Coverage On | Overweight | |
Mar 2021 | Cantor Fitzgerald | Initiates Coverage On | Overweight |
View More Analyst Ratings for MRKR
View the Latest Analyst Ratings
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