Advaxis soars as FDA lifts clinical hold on trial

16 July 2018

US biotech company Advaxis (Nasdaq: ADXS) saw its shares surge 68% in premarket trading on Friday after the Food and Drug Administration lifted a clinical hold on the company's Phase I/II trial for an immuno-oncology drug combination.

The FDA has lifted the clinical hold on the company’s Investigational New Drug (IND) application for its Phase I/II study of axalimogene filolisbac (AXAL) in combination with durvalumab for the treatment of patients with advanced, recurrent or refractory cervical cancer and HPV-associated head and neck cancer.

Advaxis stock ended the day with a 9.84% gain at $1.34.

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