Sunesis Pharmaceuticals (SNSS) Sees Continued Upside Momentum

December 11, 2009 10:31 AM EST
Sunesis Pharmaceuticals Inc. (Nasdaq: SNSS) is on the move again. Shares are up 35% today after rising 131% yesterday. Volume is surging.

After the close Monday, the company announced positive data from two Phase 2 clinical trials of the Company's lead drug candidate, voreloxin.

The results highlight voreloxin's strong efficacy and safety profile when used as a single agent or in combination with chemotherapy in patients with difficult to treat acute myeloid leukemia.

The stock has been up everyday since. Shares were up 20% on 12/8 and another 13% on 12/9 and 131% on 12/10.

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