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TG Therapeutics (TGTX) was on investors’ radar on Friday after the company reported encouraging early results from a Phase 1 trial of its experimental cell therapy in patients with progressive multiple sclerosis.
Multiple sclerosis is a disease in which the immune system attacks the protective covering of nerve fibres, causing problems with movement and coordination in general.
TGTX shares were up around 4% at the time of writing, bucking the broader biotech sector’s selloff. TGTX was also among the top trending tickers on Stocktwits at the time of writing.
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The Phase 1 trial evaluated patients whose disabilities continued to worsen despite receiving other treatments. After 90 days of receiving Azer-cel, 89% of evaluable patients had stable or improved disability scores, including five who showed improvements.
Azer-cel is an experimental CAR-T cell therapy that uses genetically modified immune cells from healthy donors to target CD19, a protein found on B-cells involved in multiple sclerosis. Azer-cel is designed as an off-the-shelf therapy and not a personalized treatment.
TG Therapeutics also reported no severe CAR-T-related toxicities or dose-limiting side effects. However, the results remain preliminary, and the company will continue the trial to evaluate higher doses and longer-term outcomes.
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Beyond Azer-cel, TG Therapeutics already markets Briumvi to treat relapsing forms of multiple sclerosis. The company is also developing an injectable version of Briumvi, with Phase 3 results expected by early 2027.
Separately, TG Therapeutics is also studying the drug in Phase 2 trials for myasthenia gravis, a condition that causes muscle weakness, and treatment-resistant schizophrenia.
TG had $612.3 million in cash, cash equivalents and investments as of June 30, 2026, significantly more than the $199.5 million it had at the end of 2025.
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Retail sentiment surrounding TGTX on Stocktwits remained ‘bullish’ over the past 24 hours, amid ‘high’ message volumes.
One user called the data “fantastic news.”
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Another user said the data changes the value of the stock.
TGTX shares have surged nearly 90% so far in 2026.
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