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2024-03-28 02:43
Shares of Lixte Biotechnology (NASDAQ:LIXT) were up nearly 60% in afternoon trading Wednesday after the company reported the publication of positive preclinical data for its lead clinical asset LB-100.
Lixte stock recently sold for $3.58 per share at around 2:35 p.m. ET after hitting a session high of $4.40 earlier in the day.
Lixte said the data showed that LB-100 “can force cancer cells to give up their cancer-causing properties." The data was published online Wednesday by Cancer Discovery and will appear in the periodical’s print edition in July.