Clinical Trial SuccessA striking overall response rate of 61.5% was observed in the trial, with 76.9% ORR including two unconfirmed PRs.
Market OpportunityVMT01 is targeting a significant market opportunity in metastatic melanoma, with preclinical data showing synergistic activity when combined with anti-PD1, potentially enhancing the abscopal effect.
Stock ValuationThe current valuation of the stock is considered a near-term overreaction, potentially representing a buying opportunity for those with long-term conviction.