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0.0392134831460675 0.0112359550561798 0.0451685393258427 0.0450561797752809 -0.0335955056179774 -0.00561797752808989 -0.0325842696629214 -0.0337078651685394
Stock impact report

Metacrine Shares Rise 10% Following Scrapped Equillium Deal [MarketWatch]

Equillium, Inc. (EQ) 
Last equillium, inc. earnings: 3/26 04:07 pm Check Earnings Report
Company Research Source: MarketWatch
The biotechnology company said it continues to evaluate all strategic opportunities. Equillium said it first approached Metacrine in early 2022 to add cash runway in a difficult financing market. But the clinical-stage biotechnology company's recent partnership with Ono Pharmaceutical is expected to extend its cash runway into 2025, said Chief Executive Bruce Steel, and possibly further with potential option exercise and milestone payments. Shares of Metacrine are down roughly 36% for the year. Shares of Equillium, which were flat in after-hours trading, are down 76% on the year. Write to Denny Jacob at denny.jacob@wsj.com Show less Read more
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