Why Processa Pharmaceuticals (PCSA) Stock Is Skyrocketing

Processa Pharmaceuticals Inc PCSA shares are trading higher by 36.9% to $0.28 during Friday’s session after the company announced plans to expand the development of Next Generation Capecitabine (“NGC-Cap”) into the treatment of advanced or metastatic breast cancer.

What Else?

Following discussions with the FDA, the company has decided to conduct a Phase 2 trial in breast cancer, supported by previously generated data from past studies. The company says this move is seen as a logical progression, considering the larger market for breast cancer compared to colorectal cancer.

The FDA and Processa believe that developing NGC-Cap for breast cancer will lead to a more efficient development program and increase the likelihood of FDA approval.

The Phase 2 trial aims to demonstrate the safety and efficacy of NGC-Cap over existing treatments, with plans to initiate the study in the third quarter of 2024.

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According to data from Benzinga Pro, PCSA has a 52-week high of $1.27 and a 52-week low of $0.18.