Why Is Cogent Biosciences Stock Trading Higher On Monday?

On Sunday,

Cogent Biosciences, Inc.

(NASDAQ:
COGT
) revealed updated clinical results from the Open Label Extension (OLE) portion of the SUMMIT trial of bezuclastinib in patients with
non-advanced systemic mastocytosis
.

Non-advanced systemic mastocytosis is a rare disease that involves mast cell buildup in
tissues and organs
.

Updated clinical data presented at the American Society of Hematology Annual Meeting & Exposition show:

Pharmacodynamic Data:

Bezuclastinib showed rapid, deep, and sustained reductions in serum tryptase over 24 weeks of treatment, including:

Safety Data

SUMMIT Enrollment Update

Price Action:

COGT stock is up 10.60% at $9.83 at the last check on Monday.

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Why Is Cogent Biosciences Stock Trading Higher On Monday?
originally appeared on
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