Markets

A small biopharma stock soars 198% after the company says it will seek FDA approval following a successful cancer-drug trial

<figure> <img src="https://i.insider.com/610ac935c31de700184a37f8?format=jpeg" alt="Stock photo of doctors analyzing a lung cancer scan." height="1815" width="3630" charset=""> <figcaption> <span class="copyright">BSIP/Universal Images Group via Getty Images</span> </figcaption> </figure><ul class="summary-list"> <li>BeyondSpring surged 197% Wednesday after announcing it is seeking FDA approval for its cancer drug.</li> <li>The company said plinabulin met the primary endpoint of significantly improving the overall survival of patients.</li> <li>Shares of BeyondSpring surged to their highest price since May 2018.</li> <li><a href="https://newsletter.businessinsider.com/join/4np/10-things-opening-bell?utm_source=markets&utm_medium=ingestgest"><strong>Sign up here for our daily newsletter, 10 Things Before the Opening Bell</strong></a><strong>.</strong></li> </ul><p>Shares of BeyondSpring surged 197% on Wednesday after the New York-based biopharmaceutical company announced it is now seeking approval from the US Food and Drug Administration for its cancer-drug trial.</p><p>Shares of the company were trading at their highest level since May 2018. The stock was up 188%, at $27.74 as of 1:32 p.m. ET.</p><p>The company on Wednesday said plinabulin, its lead drug, met the primary endpoint of significantly improving the overall survival of patients during the DUBLIN-3 phase three trial of its lung cancer treatment.</p><p>The study also met secondary endpoints including boosting overall response rate, progression-free survival, and 24-36 months of overall survival rates. </p><p>BeyondSpring also said it plans to seek approval from China's drug regulator.</p><p>Dr. Lan Huang, co-founder, CEO, and chair, <a href="https://www.globenewswire.com/news-release/2021/08/04/2274399/0/en/BeyondSpring-Announces-Positive-Topline-Results-from-its-DUBLIN-3-Registrational-Trial-of-Plinabulin-in-Combination-with-Docetaxel-for-the-Treatment-of-2nd-3rd-Line-Non-Small-Cell-.html">said</a> she will set a pre-non-disclosure agreement meeting with the FDA in 2021 to agree on the contents of their NDA. This, she said, will support a submission in the first half of 2022. </p><p>"The strong results from DUBLIN-3 further validate our conviction that plinabulin, as an immune anti-cancer agent, has the potential to be a cornerstone therapy for many solid tumors," Huang said.</p><p>Plinabulin is a novel, intravenous-infused, patent-protected drug candidate for non-small cell lung cancer.</p><p>The company's stock last week closed at a record-low.</p><div class="read-original">Read the original article on <a href="https://www.businessinsider.com/beyondspring-bysi-stock-price-soars-198-lung-cancer-fda-approval-2021-8">Business Insider</a></div>
A small biopharma stock soars 198% after the company says it will seek FDA approval following a successful cancer-drug trial
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Conservative talk-radio host Rush Limbaugh has died at age 70

Rush Limbaugh, one of the most influential conservative talk-radio hosts, died on Wednesday. Limbaugh announced in February 2020 that he had advanced lung cancer. His hyper-partisan, liberal-bashing style influenced several commentators over the years. Visit the Business section of Insider for more stories. The right-wing talk-radio host Rush Limbaugh died […]
Conservative talk-radio host Rush Limbaugh has died at age 70
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Justice Ruth Bader Ginsburg is recovering at home after cancer surgery

Supreme Court Justice Ruth Bader Ginsburg has been released from hospital following cancer surgery, Reuters reports A spokeswoman for the court, Kathy Arberg, says that Ginsburg is now recuperating at home. On Monday,Associated Press reported that ‘RBG’ was up and working just a few days after undergoing surgery for lung […]
Justice Ruth Bader Ginsburg is recovering at home after cancer surgery
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The 14 most polluted cities in the world are all in one country

The 14 most polluted cities in the world are all located in India, according to the World Health Organisation. The city of Kanpur topped the list, while Delhi and Agra also appeared in the top 10. Living with air pollution is a harsh reality for Indians, many of whom have […]
The 14 most polluted cities in the world are all in one country
Markets

‘We are going to have lung cancer patients living longer and better’: A new kind of cancer treatment is about to change how we treat the disease

New cancer treatments that harness the body’s immune system are ready to go mainstream. In data presented Monday at the American Association of Cancer Research’s annual meeting, cancer-drug makers found that immunotherapy in combination with other drugs did a better job of treating lung cancer than chemotherapy alone. A combination […]
‘We are going to have lung cancer patients living longer and better’: A new kind of cancer treatment is about to change how we treat the disease