Revolution Medicines Stock Moves Premarket After Pancreatic Cancer Data
Revolution Medicines shares rose 1.9% premarket to $157.48 after Phase 3 trial data showed its experimental pill daraxonrasib nearly doubled median survival in pancreatic cancer to 13.2 months vs. 6.7 for chemo. The company, with no approved drugs or revenue, plans to file for FDA approval using a priority voucher. High-grade side effects were less common than chemo. Market cap stood at $31.2 billion.