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Corbus Keeps Rising On ADC And Obesity Plans

 
• By Andrew McConaghie

The company is on a roll thanks to its challenge to Pfizer’s Padcev and competition with a potential obesity market gamechanger from Novo Nordisk.

• Source: Shutterstock

Corbus Pharmaceuticals is continuing a share price growth streak as investors warm to its plans for an antibody drug conjugate (ADC) to compete with Pfizer and an obesity drug to rival Novo Nordisk.

Key Takeaways

  • Corbus is still a small-cap biopharma, but its ADC and obesity candidates are generating lots of investor interest

The small-cap company saw its NASDAQ-listed shares nearly double in value from the start of the year to around $37 per share in late May. A Phase I trial update from its ADC candidate, CRB-701, at the American Society of Clinical Oncology (ASCO) meeting in Chicago, IL, earlier this month has helped push it up by a further 20%

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