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Why Is BioNTech Stock Trading Higher On Friday?

www.benzinga.com 06-12-2024 06:14 1 Minutes reading
On Thursday, Duality Biologics revealed the first data from a global Phase 1/2a trial of BNT324/DB-1311, which it co-developed with BioNTech SE (NASDAQ:BNTX).The data were presented in an oral session at the 2024 European Society of Medical Oncology Asia Annual Meeting in Singapore and showed encouraging antitumor activity alongside a manageable safety profile in heavily pretreated patients with locally advanced or metastatic solid tumors.The ongoing Phase 1/2a trial analysis included 277 participants across various solid tumor types.Also Read: BioNTech Boosts Oncology Strategy With $800 Million+ China-Based Biotheus AcquisitionThe trial’s primary endpoints are safety and an objective response rate. The secondary endpoints include duration of response, disease control rate, progression-free survival, and overall survival.The data showed the following results: ...Full story available on Benzinga.com

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Futu Hldgs's (NYSE:FUTU) short percent of float has fallen 9.88% since its last report. The company recently reported that it has 4.46 million shares sold short, which is 4.47% of all regular shares that are available for trading. Based on its trading volume, it would take traders 1.57 days to cover their short positions on average.Why Short Interest MattersShort interest is the number of shares that have been sold short but have not yet been covered or closed out. Short selling is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price ...Full story available on Benzinga.com

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