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Wajeeh Khan

Revolution Medicines Soars on Phase 3 Trial Results. Is It Too Late to Buy?

Revolution Medicines RVMD Oppenheimer

Revolution Medicines (RVMD) shares soared on April 13 after the biotech firm said its pancreatic cancer drug, daraxonrasib, demonstrated an “unprecedented survival rate” in a Phase 3 clinical trial. 

The upward momentum helped RVMD break above its key moving averages (20-day and 50-day), indicating that near-term momentum is shifting in favor of the bulls.   

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