Why Editas Medicine Stock Is Jumping 13.9% This Week

Shares of Editas Medicine (NASDAQ: EDIT) were up 13.9% this week as of the market close on Thursday. Most of this big gain came after a key announcement from the company on Wednesday about its phase 1/2 clinical study evaluating EDIT-101. Editas said that an Independent Data Monitoring Committee (IDMC) gave a thumbs-up to enroll children with the rare genetic eye disorder Leber congenital amaurosis 10 (LCA10) in two pediatric cohorts of the study.