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Revolution Medicines Stock Climbs on Phase 3 Trial Milestone

Investors pushed Revolution Medicines shares up 6.8% to $194.46 after the oncology firm launched a global Phase 3 trial for its investigational drug, zoldonrasib. The company is now testing the G12D-selective inhibitor in combination with standard chemotherapy and pembrolizumab as a primary treatment for metastatic lung cancer.

Revolution Medicines Stock Climbs on Phase 3 Trial Milestone

The clinical study focuses on adult patients diagnosed with metastatic RAS G12D non-squamous non-small cell lung cancer. By targeting this specific mutation, the drug aims to offer a new first-line intervention. The primary goal of the trial is to measure progression-free survival, with secondary benchmarks including overall survival, objective response rates, and patient safety data. This latest move marks a significant shift in the company's commercial-stage oncology pipeline, which has seen its stock value surge 260% over the past year.

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