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The latest update is out from Medicenna Therapeutics Corp ( (TSE:MDNA) ).
Medicenna Therapeutics Corp has announced a collaboration with Fondazione Melanoma Onlus to conduct the NEO-CYT trial, which will evaluate MDNA11, a next-generation IL-2 Superkine, as a neoadjuvant immunotherapy for high-risk, surgically resectable Stage III melanoma. This trial aims to assess the potential of MDNA11 in combination with checkpoint inhibitors to improve pathologic responses and potentially enhance curative outcomes after surgery. The study represents a significant step in the clinical development of MDNA11, potentially expanding its use in earlier-stage melanoma and broadening its market reach.
The most recent analyst rating on (TSE:MDNA) stock is a Buy with a C$6.00 price target. To see the full list of analyst forecasts on Medicenna Therapeutics Corp stock, see the TSE:MDNA Stock Forecast page.
Spark’s Take on TSE:MDNA Stock
According to Spark, TipRanks’ AI Analyst, TSE:MDNA is a Neutral.
Medicenna Therapeutics Corp. receives a moderate overall score, reflecting its financial challenges and reliance on financing. However, positive results from clinical trials and promising preclinical data provide notable upside potential. Technical indicators are neutral, offering a balanced view of near-term stock performance. Valuation highlights the speculative nature typical of biotech stocks, while recent corporate events significantly bolster future growth prospects.
To see Spark’s full report on TSE:MDNA stock, click here.
More about Medicenna Therapeutics Corp
Medicenna Therapeutics Corp is a clinical-stage immunotherapy company focused on developing Superkines for cancer treatment. The company specializes in creating innovative therapies that enhance the immune system’s ability to fight cancer, with a market focus on advancing treatments for various types of cancer.
Average Trading Volume: 70,277
Technical Sentiment Signal: Buy
Current Market Cap: C$102.4M
For a thorough assessment of MDNA stock, go to TipRanks’ Stock Analysis page.