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Defence Therapeutics ( (TSE:DTC) ) has issued an announcement.
Defence Therapeutics has announced promising preclinical results for its Accum®-Kadcyla, a novel version of the ADC Kadcyla®, showing a 20-fold increase in anti-tumor efficacy in HER2-positive breast cancer models compared to Kadcyla® alone. This advancement could potentially shift current ADC therapies from second-line to first-line treatments, offering significant benefits to patients by reducing toxicity and side effects. Following these results, Defence plans to expand its program to additional tumor models and engage with potential pharmaceutical partners.
Spark’s Take on TSE:DTC Stock
According to Spark, TipRanks’ AI Analyst, TSE:DTC is a Underperform.
Defence Therapeutics faces significant financial challenges with no revenue and high losses. While recent corporate events show promise for strategic direction, the overall financial health and valuation are concerning. Technical indicators provide mixed signals with potential long-term recovery but weak near-term momentum.
To see Spark’s full report on TSE:DTC stock, click here.
More about Defence Therapeutics
Defence Therapeutics is a publicly-traded biotechnology company specializing in the development and engineering of next-generation antibody-drug conjugate (ADC) products using its proprietary ACCUM® technology. This platform enhances the precision delivery of ADCs to target cells, increasing their efficacy and potency against cancer.
Average Trading Volume: 59,996
Technical Sentiment Signal: Sell
Current Market Cap: C$43.78M
Find detailed analytics on DTC stock on TipRanks’ Stock Analysis page.