January 7, 2016 1:24pm

UP +$1.56 on +10.46% on large volume as traders are selling into strength - HOLD


 

QURE’s experimental treatment for hemophilia B increased blood clotting ability in … two (2) patients.

 

The therapy, known as AMT-060, was designed to fix a genetic flaw caused by missing or defective factor IX, a protein that clots blood.

 

The Bottom Line: The two adult patients received a low dose of the treatment. Factor IX rose to 5.5% and 4.5% of the normal level from less than 2% in the patients. Three other people who received a low dose of the therapy in the trial haven’t yet reached the full 12 weeks of follow-up.

Factor IX levels of more than 5% are considered a mild form of the disease, which results in bleeding happening only rarely, QURE plans to start enrolling patients who will receive a higher dose of the therapy in the trial this quarter.

 

QURE is trading +$1.56 to $16.47 on HUGE volume <1.781 M share volume (3 month average = 353.5 K shares) having risen as high as $18.10 in pre-market trading, up from its Wednesday closing price of $14.91. The current trading range is $15.88 to $17.77 as many have been selling into strength.

 

Gene therapies have shown mixed results today and in recent months ... AGTC is DOWN -$1.60, ONCE is DOWN -$4.17 and  BLUE is DOWN -$4.19.

HOLD on to your seat at this table!