Elevation's ASCO data validate work on novel cancer target

5 June 2023

Data presented at the American Society of Clinical Oncology (ASCO) reinforce enthusiasm for a new approach being developed by companies including Elevation Oncology (Nasdaq: ELEV).

Results from an early-stage study of the firm's anti-Claudin18.2 candidate EO-3021 reveal a well-tolerated safety profile for people with difficult to treat cancers.

Elevation is following in the footsteps of Japanese drug major Astellas Pharma (TYO: 4503), which has attracted significant interest after positive late-stage data for its antibody zolbetuximab.

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