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Stock impact report

Corvus Pharmaceuticals Eyes Phase 3 Trials: Soquelitinib's Promise In PTCL [Seeking Alpha]

Corvus Pharmaceuticals, Inc. (CRVS) 
Last corvus pharmaceuticals, inc. earnings: 4/30 04:05 pm Check Earnings Report
US:NASDAQ Investor Relations: corvuspharma.com
Company Research Source: Seeking Alpha
Summary Corvus Pharmaceuticals' lead candidate, Soquelitinib, is advancing towards a Phase 3 trial for PTCL, set to begin in September 2024. Soquelitinib has shown a 26% Complete Response Rate [CRR] in early trials, more than double the current standard of care. The PTCL market, estimated at $500 million in the U.S., offers significant potential if Soquelitinib's Phase 3 trials are successful. CRVS's financials reveal a somewhat tight cash runway of 2.1 years, but favorable trial data could boost investor optimism and support the stock price. I deem CRVS a speculative "buy" due to its early-stage IP and inherently long-term investment thesis. Morsa Images Corvus Pharmaceuticals, Inc. ( NASDAQ: CRVS ) is a clinical-stage biotech focused on innovative cancer and immune disease treatments. Its IP leverages targeted small molecules and antibodies. Currently, its leading program is an ITK inhibitor called Soquelitinib, which is indicated for T-cell lymphomas like PTCL. So fa Show less Read more
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