Why Are PharmaCyte Shares Moving Higher On Thursday?

  • PharmaCyte Biotech Inc PMCB stock is moving higher in reaction to the first test results of the biocompatibility studies of its CypCaps trial product candidate.
  • These results were from an "In Vitro Complement Activation Study of Empty Cellulose Sulphate Capsules," the same capsules PharmaCyte uses in its treatment for pancreatic cancer.
  • Related Link: What's Up With PharmaCyte Biotech Shares Today?
  • The results showed that the capsule material does not activate a major line of the human body's innate defense, the complement system.
  • The Company says that this is just one of the biocompatibility studies being performed. In the coming weeks, it expects that the results of other studies will become available.
  • Related content: Benzinga's Full FDA Calendar.
  • Price Action: PMCB stock is up 3.89% at $3.47 during the market session on the last check Thursday.
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