By Ben Glickman
Shares of IN8bio rose in late trading after the company said early data on its potential cancer treatment suggested it may be able to avoid killing healthy cells.
The stock was up 32% to $1.44 in post-market trading Tuesday after closing the day's session unchanged. Shares are down 21% since the start of the year.
The biopharmaceutical company said it had presented preclinical data on its potential cancer treatment at a conference. The T cell-based Chimeric Antigen Receptor-T cell platform, which the company refers to as INB-300, showed an improved ability to target leukemia cells while leaving healthy ones alone, the company said.
IN8bio said its platform was based on the ability of certain T cells to distinguish between healthy and cancerous cells. The company believes its technology will allow for a more targeted T-cell cancer treatment.
Write to Ben Glickman at ben.glickman@wsj.com
(END) Dow Jones Newswires
April 09, 2024 19:09 ET (23:09 GMT)
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