GTx (GTXI) Ramps Higher After FDA Removes Full Clinical Hold for Capesaris

May 8, 2012 7:04 AM EDT
GTx, Inc. (Nasdaq: GTXI) said the FDA removed its Full Clinical Hold on Investigational New Drug application for Capesaris following the review by the FDA of the complete response and its new Phase II clinical protocol.

GTx plans to initiate during the third quarter this Phase II open label clinical study of 75 men with metastatic castration resistant prostate cancer to test three lower doses of Capesaris (125 mg, 250 mg and 500 mg) sequentially in cohorts of 25 patients each.

Shares are trading up 25% on the news.


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