APTO - Could This Cancer Drug Developer's Stock Make You Rich?
Bolstered by new data presented at a key medical conference, Aptose Biosciences's (NASDAQ: APTO) stock bolted skyward in December, more than doubling in price. Savvy investors looking for exposure to the high-risk, high-reward biotech sector need to look no further.
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The company's lead drug, CG-806, inhibits a cancer target called Bruton's tyrosine kinase (BTK). BTK emerged as a promising target and inhibitors rapidly advanced through the clinic as treatments for chronic lymphocytic leukemia (CLL), one of the most common forms of leukemia, and other blood malignancies. FLT3 mutations occur in roughly 30% of acute myelogenous leukemia (AML) patients, according to a 2019 publication in the scientific journal Leukemia.