Innate Pharma's stock rallies 23% on leukemia drug submission in Europe [MarketWatch]
Innate Pharma S.A. - American Depositary Shares (IPHA)
Company Research
Source: MarketWatch
Innate Pharma's stock rallies 23% on leukemia drug submission in Europe Shares of Innate Pharma SA IPHA, +22.20% gained 23% in premarket trading on Thursday after the biotechnology company said the European Medicines Agency had accepted its application for leukemia treatment Lumoxiti. A late-stage clinical trial had found that 36% of patients with relapsed or refractory hairy cell leukemia reported remission for at least 180 days. The Food and Drug Administration approved Lumoxiti in September 2018. The French drugmaker said that AstraZeneca AZN, +0.96% is the marketing authorization applicant for the EMA filing; AZ also holds the biologics license application in the U.S. AstraZeneca's stock is up 1% in premarket trading. Innate Pharma's stock has gained 7% over the last three months. The S&P 500 SPX, +0.56% is up 8% during the same timeframe.
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