Uniqure (QURE) Soars 275% on Stellar Clinical Trial for Huntington's Disease

We recently published 10 Stocks Crushing Wall Street, AI Stocks Dominate. Uniqure NV (NASDAQ:QURE) is one of the top performers on Tuesday.

Shares of Uniqure NV soared by as much as 275 percent on Wednesday to hit a new all-time high as investors cheered stellar results from the clinical trial of its drug candidate for Huntington’s disease.

During the session, shares of the company soared to its highest price of $51.21 before trimming gains to end the day just up by 247.73 percent at $47.50 apiece.

This followed an announcement on the same day that its potential treatment slowed progression of Huntington’s disease by 75 percent after 36 months.

Uniqure NV (NASDAQ:QURE) said the drug candidate, AMT-130, was well-tolerated and that no adverse effects have been observed since 2022.

The company said that the Food and Drug Administration (FDA) has granted AMT-130 Breakthrough Therapy and Regenerative Medicine Advanced Therapy (RMAT) designations.

“We are incredibly excited about these topline results and what they may represent for individuals and families affected by Huntington’s disease,” said Uniqure NV (NASDAQ:QURE) Chief Medical Officer Walid Abi-Saab.

“These findings reinforce our conviction that AMT-130 has the potential to fundamentally transform the treatment landscape for Huntington’s disease, while also providing important evidence supporting one-time, precision-delivered gene therapies for the treatment of neurological disorders,” he noted.

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Disclosure: None. This article is originally published at Insider Monkey.