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What’s Going On With Apollomics Inc Stock?

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apollomics inc stock aplm shares up today

The Volatile Journey of Apollomics Inc Stock

Apollomics Inc. (NASDAQ:) has been experiencing significant volatility in its stock, with a drop of over 75% in the last month. Letโ€™s delve deeper into whatโ€™s been happening:

What To Know:

On Thursday, Apollomics announced a report by the Veneto Institute of Oncology regarding the efficacy response of a patient treated with vebreltinib for GBM with PTPRZ-MET fusion.

The report revealed that the patient showed an impressive Partial Response (PR) after 8 weeks of treatment with vebreltinib monotherapy during their participation in the SPARTA study.

Additionally, Apollomics announced the upcoming presentation of vebreltinibโ€™s efficacy and safety data from the KUNPENG clinical trial on Monday.

โ€œThe clinical results demonstrate the potential of vebreltinib as a new treatment for patients with cancers driven by MET alterations, particularly in Non-Small Cell Lung Cancer (NSCLC) with MetEx14 skipping mutation,โ€ said Guo-Liang Yu, Ph.D., CEO of Apollomics.

Furthermore, vebreltinib is also showing progress in clinical programs for patients with various MET alterations.

These announcements have resulted in a surge in trading volume for Apollomics Inc. As of Friday, more than 67 million shares have already been traded, surpassing the stockโ€™s 100-day average volume of less than 53 thousand shares.

Related News: Why Mullen Automotive Stock Is Charging Higher

APLM Price Action:

According to data from Benzinga Pro, Apollomics Inc. shares are currently up 51% at 86 cents.

Image: Phoenix Locklear from Pixabay

Keywords: Apollomics Inc stock, volatility, vebreltinib, GBM with PTPRZ-MET fusion, SPARTA study, KUNPENG clinical trial, MET alterations, Non-Small Cell Lung Cancer (NSCLC), MetEx14 skipping mutation

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