Synta Pharmaceuticals jumps on publication of ganetespib results

Synta Pharmaceuticals (SNTA +4.2%) moves higher in early trading.

The shares are likely getting a lift from news that collaborators at Johns Hopkins and Duke's Dana-Farber Cancer Institute have separately published results which the company says "demonstrate the ability of ganetespib to down-regulate a number of key proteins involved in tumor growth and metastasis." (PR)

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