Here's Why Fate Therapeutics Rose as Much as 18% Today [The Motley Fool]
JUNO THERAPEUTICS (JUNO)
Last juno therapeutics earnings: 11/1 04:05 pm
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Source: The Motley Fool
Make that two consecutive days of riding the momentum from the Juno Therapeutics acquisition. Maxx Chatsko ( TMFBlacknGold ) Jan 23, 2018 at 12:09PM What happened When Celgene announced it was acquiring Juno Therapeutics for $9 billion yesterday , it sent a wave through the market. Shares of many biopharma companies developing immunotherapies caught it, rode it, and then hopped off when the market closed yesterday. Fate Therapeutics ( NASDAQ:FATE ) didn't get the memo. Shares of the small-cap biopharma rose 18% today -- following yesterday's 13.7% trek higher -- as investors kept the momentum going. While Fate Therapeutics is actually partnered with Juno Therapeutics on an early-stage program, the recent share appreciation seems to be a nod to the company's broad immunotherapy potential. As of 11:35 a.m. EST, the stock had settled to a
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