On October 20, Revolution Medicines, Inc. rose 5.43% in Regular Trading, trading at $191.36 per share, with turnover of $64.69 million.
The move followed the company’s announcement that it has begun treating patients in the Phase 3 RASolve 308 trial evaluating zoldonrasib in combination with pembrolizumab and chemotherapy as a first-line treatment for metastatic RAS G12D non-squamous non-small cell lung cancer.
The update adds to a series of recent pipeline and commercial catalysts. Earlier this month, the company also started patient dosing in the Phase 3 RASolute 309 trial in first-line metastatic RAS G12D pancreatic cancer, while recent analyst commentary highlighted encouraging early uptake for Rasonque after its August FDA approval in pancreatic cancer, including expectations for about $36 million of third-quarter revenue from the launch. Together, these developments reinforced investor expectations for both near-term commercialization and longer-term label expansion through combination therapies and earlier-line treatment settings.
(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)
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