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Drug Data Lift Hollis-Eden

Shares jump more than 30%.

Development-stage biopharmaceutical company

Hollis-Eden Pharmaceuticals


garnered investor enthusiasm after presenting encouraging preclinical data on its prostate cancer drug candidate HE3235.

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According to preclinical models using human tumor cells, the treatment significantly stopped growth in hormone-independent tumors, which are associated with late-stage prostate cancer. Hollis-Eden also presented data that suggested the treatment could potentially trigger tumor cell death.

In addition to HE3235, Hollis-Eden is preparing its HE3286 product for clinical trials in treating type II diabetes and potentially for rheumatoid arthritis.

Shares surged 65 cents, or 32%, to $2.69 Thursday.