Why Celldex Therapeutics Shares Soared

Before you go, we thought you'd like these...
Before you go close icon

Although we don't believe in timing the market or panicking over market movements, we do like to keep an eye on big changes -- just in case they're material to our investing thesis.

What: Shares of biopharmaceutical company Celldex Therapeutics soared 18% today after reporting positive data from a phase 1 study of its experimental cancer therapy CDX-1127.

So what: Celldex shares have plunged in recent weeks on valuation concerns, but today's positive results are reigniting optimism over CDX-1127's blockbuster potential. Specifically, the data suggests an excellent safety profile and shows strong signs of clinical activity in advanced refractory patients, prompting investors to buy into the story on the hopes of even more good news ahead.

Now what: Celldex will present the data at the 2013 Society for Immunotherapy of Cancer annual meeting, which runs from today through Sunday.

"While future data from the expansion cohorts will be important to understanding single-agent activity," Chief Medical Officer Thomas Davis, M.D., said, "we are confident based on the dose-escalation data we have seen to date that we are well positioned to initiate combination studies of CDX-1127, with a particular interest in immune modulators."

Of course, with Celldex shares up a whopping 420% over their 52-week lows, Fools will need plenty of biotech expertise to estimate just how much of that potential is already baked into the valuation.

More reliable paths to wealth
Dividend stocks can make you rich. It's as simple as that. While they don't garner the notoriety of high-flying growth stocks, they're also less likely to crash and burn. And over the long term, the compounding effect of the quarterly payouts, as well as their growth, adds up faster than most investors imagine. With this in mind, our analysts sat down to identify the absolute best of the best when it comes to rock-solid dividend stocks, drawing up a list in this free report of nine that fit the bill. To discover the identities of these companies before the rest of the market catches on, you can download this valuable free report by simply clicking here now.

The article Why Celldex Therapeutics Shares Soared originally appeared on Fool.com.

Fool contributor Brian Pacampara has no position in any stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

Copyright © 1995 - 2013 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.

Read Full Story

Sign up for Finance Report by AOL and get everything from business news to personal finance tips delivered directly to your inbox daily!

Subscribe to our other newsletters

Emails may offer personalized content or ads. Learn more. You may unsubscribe any time.

People are Reading