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Oncternal And SpringWorks Among Early ASCO Winners And Losers

SpringWorks Declines Despite Positive Results

 
• By Andrew McConaghie

While the big pharma names dominate the ASCO cancer congress, it is also a chance to shine for emerging small-to-medium biopharma companies.

Nasdaq
Many NASDAQ-listed biotech companies are in need of a share price bounce, which are hard to come by in the current market. • Source: Alamy

The release of data abstracts ahead of the American Society of Clinical Oncology congress always create early winners and losers among those presenting, and for small-to-medium sized companies the share price responses can be extreme.

After this year’s abstracts went live on 26 May, some of the biggest share price decliners were Mirati Therapeutics...

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