Fate Therapeutics (FATE)

Jun 11, 2021Trade Ideas

Fate Therapeutics (FATE) could see higher highs.

The stock is still pushing higher after revealing new data from its ongoing Phase 1 trial with FT516 for patients with relapsed / refractory B-cell lymphoma.

“Based on the favorable therapeutic profile of FT516 that continues to emerge and the potential to treat patients on-demand without delay, we plan to initiate multiple indication-specific, dose-expansion cohorts for patients with B-cell lymphomas to broadly assess FT516 in combination with CD20-targeted monoclonal antibody regimens, including those used as standard-of-care in earlier-line settings,” said Wayne Chu, M.D., Senior Vice President of Clinical Development of Fate Therapeutics, as quoted in a company press release.

After finding support at $65, the stock is now up to $88.42 and running. We’re also watching as FATE volume spikes. Over the last few days, volume has ranged from 1.04 million to 1.85 million, as compared to daily average volume of 997,395.

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