The FDA has granted Orphan Drug Designation to ALX Oncology Holdings Inc's (NASDAQ:ALXO) evorpacept for gastric cancer and gastroesophageal junction cancer.

• In ASPEN-01, patients with >2L HER2 positive gastric (n=18) treated with evorpacept combined with trastuzumab plus ramucirumab and paclitaxel demonstrated an initial objective response rate of 72.2% with a median duration of response of 14.8 months and a median overall survival of 17.1 months. 
• Related content: Benzinga's Full FDA Calendar.
• These results compare favorably with the clinical experience with both ramucirumab plus paclitaxel and trastuzumab-deruxtecan in similar populations. 
• Also See: ALX Oncology's Evorpacept Data Fails To Impress At ASH Presentation.
• The Company is enrolling ASPEN-06 Phase 2/3 study of evorpacept for advanced HER2 positive gastric cancer.
• Price Action: ALXO shares closed at $14.36 on Thursday