Tag Archives: Biotech stock

Steve Parson-WPA Pool / Getty Images Innovio Pharmaceuticals fell 39% on Monday after a biotech firm announced a temporary mid-to-late seizure of the coronavirus vaccine. Innovio said the trial is on a “partial clinical hold” until it answers questions from the Food and Drug Administration, which it plans to do …

Reuters Gilead said on Sunday it had agreed to acquire the cancer-drug company Immunomidics for 21 billion. Immunomedic shares rose 106% on Monday following the news. Immunomidics, used to treat various forms of breast cancer, sells Drodelvi and is being evaluated for other possible signs of cancer. Trodelvie was approved …