Shares of cancer treatment firm Nuvation Bio NUVB.N rise 5.3% to $6.11
Co says its experimental brain cancer drug, safusidenib, showed a 52% confirmed response rate in patients with IDH1-mutant glioma, a common type of brain tumor caused by a gene mutation
Says nearly 80% of patients were alive without their disease worsening three years after starting treatment in a Japanese mid-stage study
Co will start a late-stage study outside the U.S. in about 140 newly diagnosed patients who have not received chemotherapy or radiation
Says safusidenib's safety profile remained manageable
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