Tal Ben-Ami
Event-driven, biotech, commodities

Why Positive Results For Cohort 3 Had Counterintuitive Effect On Senesco

(Editors' Note: This article covers a micro-cap stock. Please be aware of the risks associated with these stocks.)

Yesterday, Senesco Technologies (SNTI) reported positive results on its long-awaited cohort 3 in its phase 1b/2a trial for SNS01-T, an apoptosis-inducing cancer treatment being tested for multiple myeloma and diffuse large B-cell lymphoma [DLBCL]. Senesco followers have been awaiting this announcement for months now, and some investors expected a pop in SNTI shares if positive results were reported. They were indeed, though the stock actually reacted negatively, down $0.58 to $4.87 on volume twice above average, a drop of over 10%. What happened? First, some details on the trial and SNS01-T.

Senesco and SNS01-T

The main emphasis of Senesco is on "controlled...

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