Is there a thread on Genting?

Why was it up so much last month?

Genting Singpore or the 20% biotech taurx exposure

Genting bhd share price up +4% this morning. How to evaluate if got legs for this rally?


KUALA LUMPUR (March 8): TauRx Pharmaceuticals Ltd, the 20%-owned associate of Genting Bhd, said new data show that its trial drug to combat Alzheimer's disease has “sustained benefits” across the disease spectrum from early to moderate dementia.

The new 24-month data from the third phase of the so-called LUCIDITY trial of hydromethylthionine mesylate (HMTM) showed “significantly” reduced disease progression in participants, TauRx said in a statement following a presentation at a conference in Portugal.

In the early disease subgroup, there was a “significant reduction” in transition to the dementia stage of Alzheimer's disease, TauRx said. Within the subgroup, progression of symptoms to the dementia stage of the disease was “significantly less” than in the control group.