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Hoth Therapeutics (NASDAQ:HOTH) has gained ~135% in the pre-market Monday after the development-stage pharmaceutical company announced encouraging preclinical data for its investigational cancer therapy, HT-KIT.

KIT is designed to target the receptor tyrosine kinase KIT in mast cells, required for the normal functioning of bone marrow-derived hematopoietic stem cells. The mutations of the KIT pathway are linked to human cancers, such as gastrointestinal stromal tumors and mast cell-derived cancers.

According to the company, a team of researchers, who were part of a scientific research agreement with North Carolina State University, found that KIT protein expression, signaling, and function reduced in response to HT-KIT mRNA frame-shifting approach on mast cell leukemia cells in vitro.

The treatment was found to have prevented cancer cell growth and induced cell death over 72 hours.

Additionally, in a mouse model with mast cell leukemia, the tumor growth and infiltration of other organs reduced, and tumor cell death rose when HT-KIT induced frameshifted c-KIT mRNA, Hoth (HOTH) said.

Our next round of preclinical studies are underway and we are excited to utilize the results for our planned Pre-IND meeting with FDA later this year," Chief Executive Robb Knie said.

HT-KIT was granted the FDAs Orphan Drug designation early this year.

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Hoth Therapeutics surges on preclinical data for cancer therapy - Seeking Alpha