BioCancell Therapeutics Inc. (BICL) closed little changed after earlier advancing to the highest intraday level in more than nine months as it successfully completing a clinical trial of its BC-819 drug to treat pancreatic cancer.
The shares rose less than 0.1 percent to 3.94 shekels at the 4:30 p.m. close in Tel Aviv. They gained as much as 12 percent to 4.40 shekels intraday. The stock has increased 62 percent this year, giving the Jerusalem-based company a market value of 81.4 million shekels ($22.4 million).
The Phase I/IIa trial was successful in meeting its targets, which were the safety and initial effectiveness of the drug, the company said.
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