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Silence Therapeutics shares surge ahead of divesiran Phase 2 results call
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Yahoo Finance
Researcher looking through microscope ©Adobe Stock ImagesSilence Therapeutics (NASDAQ:SLN) shares jumped 16.2% in pre-market trading on Monday as investors positioned ahead of a conference call covering topline results from the Phase 2 SANRECO trial of divesiran, the company's lead siRNA candidate for polycythemia vera.
The readout represents one of the most important near-term milestones for Silence Therapeutics, with management previously identifying the Phase 2 results as a potentially defining event for the company and the future development of divesiran.
SANRECO trial puts divesiran efficacy in focusThe Phase 2 SANRECO study enrolled 48 patients with phlebotomy-dependent polycythemia vera in a randomised, double-blind, placebo-controlled trial.
Investor expectations ahead of the results have been supported by encouraging findings from the earlier Phase 1 programme.
Clinical progress drives sharp recovery in SLN sharesSilence Therapeutics shares reached $13.88 in pre-market trading, representing a substantial recovery from a 52-week low of $4.19.