RTTNews | Oct 28, 2020 10:37AM EDT

10:37 Wednesday, October 28, 2020 (RTTNews.com) - Shares of Scholar Rock Holding Corporation (SRRK) are rising more than 15% Wednesday morning, continuing the momentum from yesterday.

Tuesday, the company announced positive interim results from the phase II study of its drug candidate SRK-015 for the treatment of patients with type 2 and type 3 spinal muscular atrophy (SMA).

The stock hit a new high of $36.40 this morning by jumping nearly 100% from the opening price of $17.25, recorded Tuesday.

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