Bio-Path Holdings (BPTH) Stock Surges on Positive Clinical Trial Data

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The stock price of Bio-Path Holdings (NASDAQ: BPTH) skyrocketed the biotechnology company released promising clinical data from the Phase 2 trial of prexigebersen (BP1001).

BPTH stock closed $12.02 per share, up by 160.46 percent on Wednesday. The stock climbed additional 6.57 percent to $12.81 per share during the extended trading, around 7:59 p.m. in New York

Bio-Path stock chart
Credits: Google Finance

Bio-Path updated prexigebersen clinical trial results 

Bio-Path is testing the efficacy and safety of prexigebersen (Liposomal Grb2 Antisense) plus low-dose cytarabine (LDAC) in 17 newly diagnosed patients with acute myeloid leukemia (AML).

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According to the biotechnology company, the latest clinical trial results showed an improvement in the efficacy and safety of the treatment.  Sixty-five percent or 11 of the 17 patients had response to the treatment. Five patients achieved complete response, one morphologic leukemia free state (MLFS), and six stable disease responses.