While these types of events are sometimes viewed as dilutive, traders appear to be excited about the news as they’re currently bid for shares of Aptevo Therapeutics Inc. (Nasdaq:APVO) at $0.425/share (+26.87% implied open for sellers) at the time of writing. It should be an exciting session for this micro cap!
Aptevo Therapeutics Inc is a clinical-stage, research and development biotechnology company focused on developing novel immunotherapeutic candidates for the treatment of different forms of cancer. Its clinical candidate, APVO436, and preclinical candidates, ALG.APV-527 and APVO603, were developed using ADAPTIR modular protein technology platform. The versatile and robust ADAPTIR and ADAPTIR-FLEX platforms are designed to generate monospecific, bispecific, and multi-specific antibody candidates that are capable of enhancing the human immune system against cancer cells.
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