Double Digit NASDAQ Stock Winners: RAPT, ENOB, LKCO
12:22 pm Tuesday, June 15th, 2021
Following are major stock gainers on Nasdaq in Monday’s trading session:
RAPT Therapeutics, Inc. (NASDAQ:RAPT) was the active stock gainer on Monday. The stock soared 115.5% to close $40.02 after the company announced positive top-line results from a phase 1b clinical study evaluating RPT193 in treating moderate-to-severe atopic dermatitis.
You’d expect that RAPT’s results from the early-stage study of RPT193 had to be fantastic for the biotech stock to more than double. And they were.Patients treated with the company’s experimental drug achieved a 36.3% improvement in the Eczema Area and Severity Index (EASI) score from baseline. That was more than twice the 17% improvement seen in patients on a placebo.
The story looked even better with patients experiencing a 50% improvement in EASI score — 42.9% of patients treated with RPT193 achieved this marked improvement compared to only 10% of patients in the placebo group.
Enochian Biosciences, Inc. (NASDAQ:ENOB) was another notable winner as the stock went up 54% to end the session at $6.79 after the biopharmaceutical company said the Food and Drug Administration (FDA) accepted its pre-investigational new drug request for a “potential functional cure” of HIV.
Enochian BioSciences said its cellular therapy could potentially allow people with HIV to stop antiviral treatment for long periods. Its request to the FDA was based on the results of a 54-year-old man who was unable to suppress the virus with antiviral therapy. A treatment of Natural Killer (NK) and Gamma Delta T-cells (GDT) collected from another person subsequently allowed the patient to achieve viral control for 255 days — without the use of antiviral drugs.
Luokung Technology Corp. (NASDAQ:LKCO) surged 26.55% to $2.24. Luokung Technology Corp., together with its subsidiaries, provides location-based services and mobile application products for long distance travelers in the People’s Republic of China. It offers Luokuang mobile application, a content and service distribution platform that provides content and services, such as information, entertainment, travel, e-commerce, online to offline, advertisement, and other marketing features. The company also offers software development kits and application-programming interfaces, which provide spatial-temporal big data analysis and customized map to software and mobile application developers; and spatial temporal indexing cloud service, a data-level virtualization technology.
