Uplifting updates for iTeos

13 May 2024

Immuno-oncology company iTeos Therapeutics (Nasdaq: ITOS) has lofty ambitions, claiming to be pioneering the discovery and development of a new generation of highly differentiated therapeutics in the field.

Perhaps investors feel those aspirations are not an illusion after they sent shares in the firm 43% higher on Friday.

iTeos announced that its anti-TIGIT antibody belrestotug in combination with GSK’s (LSE: GSK) PD-1 inhibitor Jemperli (dostarlimab) exceeded pre-defined efficacy criteria for clinically relevant activity observed in an interim assessment of the Phase II GALAXIES Lung-201 study.

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