It isn’t unusual for oncology stocks to double in a single day after a company announces clinical trial results. Arqule (NASDAQ: ARQL) stands out among its peers because it notched a 67% gain after reporting a partial remission for just one leukemia patient.

Have investors, who have been encouraged by surging global oncology sales, lost their collective minds, or does it really look like Arqule has a winner on its hands? Let’s weigh the potential in this company’s pipeline against the risk of failure to find out.

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