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Kite Pharma's lead cancer therapy

Tuesday, August 26 09:44:15

Drug developer Kite Pharma Inc said its experimental cancer therapy showed potential in treating patients in an early-stage study.

The company's lead drug, KTE-C19, is being developed to fight an aggressive form of blood cancer.

The immunotherapy involves genetically modifying a patient's cells to target a protein found on the surface of some lymphoma and leukemia cells.

Kite's shares were up 35.2 percent at $30.15 in extended trading. (Reuters)

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