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Verastem Inc (NASDAQ: VSTM) stock gained more than
15 percent early Monday morning. The biopharmaceutical company that focuses on improving the survival and quality of life for
people suffering from cancer said
the FDA accepted for filling with Priority Review its New Drug Application for its lead product candidate duvelisib with a
target action date of Oct. 5, 2018.
Deutsche Bank AG (NYSE: DB) gained more than 3 percent
after the Germany-based banking giant announced a new CEO. Christian Sewing will replace Briton John Cryan as CEO after the
outgoing executive failed to achieve cost targets and was decided after a "crisis meeting" was held over the weekend,
Reuters reported.
Menlo Therapeutics Inc (NASDAQ: MNLO) plummeted
more than 60 percent. The late-stage biopharmaceutical company announced
disappointing results from a phase 2 trial of its serlopitant therapy for the treatment of pruritus. The study failed to meet
its primary and key secondary efficacy endpoints of showing statistically significant difference between patients who received
serlopitant and those who received a placebo.
Cellect Biotech ADR (NASDAQ: APOP) gained more
than 14 percent early Monday morning. The Israel-based developer of a novel stem cell enabling technology said
it has completed a proof of concept testing of its new product prototype called ApoTrainer, which is designed to replace procedures
like bone marrow transplants.
Therapix Biosci ADR (NASDAQ: TRPX) gained more
than 22 percen. The Israel-based cannabinoid biopharmaceutical company announced
encouraging phase 2a results at Yale University exploring its THX-110 among adults with Tourette syndrome. The company said its
THX-100 therapy significantly improved symptoms over time in adult subjects.
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