Stock News in Focus: Tocagen Inc. (NASDAQ:TOCA)

Tocagen Inc. (NASDAQ:TOCA) stock identified change of 40.52% away from 52-week low price and recently located move of -93.48% off 52-week high price. It has market worth of $23.37M . TOCA stock has been recorded -78.27% away from 50 day moving average and -87.32% away from 200 day moving average. Moving closer, we can see that shares have been trading -72.37% off 20-day moving average.

Tocagen Inc. (NASDAQ: TOCA), a clinical-stage, cancer-selective gene therapy company, announced that the Toca 5 Phase 3, randomized, multi-center clinical trial evaluating Toca 511 & Toca FC in patients with recurrent high grade glioma (HGG) undergoing resection missed the primary endpoint of overall survival compared to standard of care treatment (11.1 months median compared to 12.2 months, HR=1.06, p=0.6154). In addition, all secondary endpoints showed no meaningful difference between the arms of the trial. The safety, tolerability and adverse event profile of Toca 511 & Toca FC was as expected for this patient population.

Further analysis of the Toca 5 trial data is currently underway and presentation of the results is planned at an upcoming medical conference.

“Recurrent brain cancer represents a very high unmet medical need and patients with this disease have very few treatment options,” said Marty Duvall, chief executive officer of Tocagen. “While the Toca 5 trial results are disappointing, we will be conducting a thorough analysis of the data including molecular analyses and pre-planned subgroups. In addition, we will be conducting an operational review. We sincerely appreciate the exceptional support from patients and their families as well as patient advocates, physicians and our employees who have been committed to the rigorous study of Toca 511 & Toca FC in the Toca 5 trial.”

 The Healthcare sector company, Tocagen Inc. noticed change of 10.72% to $1.03 along volume of 5921173 shares in recent session compared to an average volume of 457.77K. The stock observed return of -67.41% in 5 days trading activity. The stock was at -76.05% over one month performance. TOCA’s shares are at -82.21% for the quarter and driving a -91.59% return over the course of the past year and is now at -87.45% since this point in 2018. 

 The average volatility for the week at 21.06% and for month was at 13.06%. There are 22.69M shares outstanding and 21.78M shares are floated in market.

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