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Veracyte Says Prosigna Test Can Help High-Risk Breast Cancer Patients Avoid Chemotherapy

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Veracyte (VCYT) said results from an independent Phase 3 trial show its Prosigna Breast Risk of Recurrence test can safely guide adjuvant chemotherapy decisions for patients with early-stage, ER-positive, HER2-negative breast cancer.

The study, led by University College London, enrolled 4,429 patients and had a median follow-up of four years, Veracyte said Friday in a statement. Investigators reported that Prosigna provided Level 1A evidence, demonstrating the test can accurately predict chemotherapy benefit and support safe treatment de-escalation across high-risk groups.

The results will be presented Saturday at the annual meeting of the American Society of Clinical Oncology.

Price: $46.32, Change: $-1.67, Percent Change: -3.48%

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Oculis Holding AG Phase 3 Trial of Potential Eye Drops for Diabetic Patients Fails to Primary Endpoint

Oculis Holding AG (OCS) said Thursday its Phase 3 DIAMOND-1 and DIAMOND-2 trials evaluating OCS-01 eye drops in patients with diabetic macular edema, a condition caused by fluid buildup in the retina due to diabetes, failed to meet primary endpoint of mean change in best corrected visual acuity, or BCVA.The drug did not demonstrate a statistically significant improvement in vision scores compared to vehicle, an inactive comparator, across both trial, the company said.The key secondary endpoint of the proportion of patients achieving a 15-letter or greater gain in BCVA was also not met in both trials.The drug was well tolerated with no unexpected adverse events, and the safety profile was consistent with previous trials, the company said.Based on the results, Oculis does not plan to pursue an FDA regulatory filing for OCS-01 in diabetic macular edema at this time, and will redirect resources toward its two other registrational programs in optic neuropathies and dry eye disease.Price: $22.71, Change: $-6.95, Percent Change: -23.42%

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Kentucky First Federal Board to Consider Dividend Reinstatement on July 28; Shares Rise

Kentucky First Federal Bancorp (KFFB) said Friday its board will hold a special meeting on July 28 to consider the resumption of its dividend, which the company has not paid since November 2023.The board of directors will review the declaration of a quarterly dividend of up to $0.10 per share. It could also decide to declare a lower dividend or no dividend at all.Shares rose nearly 5% in recent afternoon trading.Price: $4.77, Change: $+0.21, Percent Change: +4.68%

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Update: Market Chatter: Zijin Gold's $4 Billion Takeover of Allied Gold Facing Regulatory Delays

(Updates with Allied Gold's comment in the last paragraph.)Hong Kong-listed Zijin Gold International's $4 billion takeover of Canada's Allied Gold (AAUC) is facing delays because of opposition from Beijing regulators, the Financial Times reported Friday, citing people familiar with the matter.China's National Development and Reform Commission questioned the premium Zijin is paying, as well as the geopolitical risks associated with Allied's gold mine in Mali, the report said.The agreement had a closing deadline of Friday, which can be extended if both sides agree, the report said."There is strong industrial and commercial logic for this transaction, and both parties continue to work diligently towards closing," Allied said in an emailed statement to.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)Price: $26.01, Change: $-1.17, Percent Change: -4.30%

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