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Stocks of the Hour: PAB, MTM, IMM

Abbey Phillipps from Finance News Network breaks down some stocks making noise in today's ASX trading session.

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Patrys (ASX:PAB) has announced that their preclinical data supports synthetic lethality mechanisms to treat relevant cancers. Patrys Chief Executive Officer and Managing Director, Dr. James Campbell, said, โ€œThis study confirms the potential to use deoxymabs as a single agent to treat cancers which have pre-existing mutations that compromise their DDR systems.โ€ Shares are trading 8.3 per cent higher at 2.6 cents.

Mt Monger Resources (ASX:MTM) has completed a drilling program at its East Laverton project in WA. Commenting on the completion of the drilling program, Managing Director Lachlan Reynolds said: โ€œthe program involved testing of a number of different geological targets, including the known rare earth element mineralisation anomalies at the Pt Kidman prospect.โ€ Shares are trading 12.2 per cent higher at 11 cents.

Immutep (ASX:IMM) announced the initiation of Phase II/III trial for metastatic breast cancer. The first patient is expected to be enrolled in early quarter 2 of CY2023. Shares are trading 3.8 per cent lower at 25.5 cents.

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