Biotech Soars On Acquisition Announcement

Biotech Soars On Acquisition Announcement

By: Dylan Sikes – AllPennyStocks.com News

Wednesday, May 24, 2023

Acquisitions are always an exciting time, especially when one (or both) parties involved are publicly traded entities. That’s exactly what happened on Wednesday after it was announced that Pyxis Oncology Inc. (Nasdaq:PYXS) agreed to acquire Apexigen Inc.(Nasdaq:APGN) in an all-stock transaction.

This sent shares of Apexigen soaring on Wednesday, with shares of the California-based biotech reaching up to $0.628/share (+57.12%) at the session high. This move was a breath of fresh air for long term shareholders that have been riding te multi-month downtrend.

Apexigen Inc is a clinical-stage biopharmaceutical company focusing on the discovery and development of innovative antibody-based therapeutics for the treatment of cancer with a focus on immuno-oncology. The company's pipeline of immuno-oncology therapeutic candidates is led by sotigalimab, which is in clinical development, and also includes several preclinical stage immune-oncology programs.


Copyright © 2023 AllPennyStocks.com. All rights reserved. Republication or redistribution of AllPennyStocks.com's content is expressly prohibited without the prior written consent of AllPennyStocks.com. AllPennyStocks.com shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.

Other Penny Stock Movers

Shares on the Rise Following Partnership News With Major Potato Chip Brand
Slowing Growth Increases Hopes of a Rate Cut Pivot in Canada 
Re-Classification of Marijuana Sends Shares of Cannabis Operator on a Tear
Most Popular
FREE Newsletter


Back to Top