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0.000869241276542995 0.000869241276542995 -0.00186265987830612 -0.000124177325220302 0.00124177325220425 0.00906494474109033 0.00906494474109033 0.00906494474109033
Stock impact report

This Midcap Biotech Popped Nearly 20% On Hope In Cancer, Inflammation [Investor's Business Daily]

Xencor, Inc. (XNCR) 
Last xencor, inc. earnings: 2/24 04:01 pm Check Earnings Report
US:NASDAQ Investor Relations: investors.xencor.com/investor-relations
Related news Xencor ( XNCR ) stock popped to a record high Tuesday on investor excitement for the biotech company's inflammation and cancer drugs, though it reported no revenue for the second quarter. In midday trading on the stock market today , Xencor stock jumped 15.1%, near 43.50. Earlier, shares rose as much as 18.7%, touching an all-time high. At the same time, biotech stocks crept up a fraction. Shares of partner Novartis ( NVS ) were flat. For its second quarter, Xencor reported a loss of 46 cents per share vs. the estimate of analysts polled by Zacks for a 55-cent loss. This widened from a loss of 17 cents in the year-ago period. Xencor had $555.4 million in cash and equivalents, which should be sufficient into 2023. Most of the excitement seemed to stem from upcoming catalysts. Xencor plans to have data from tests of lupus and leukemia drugs in the fourth quarter. It also plans to begin an inflammation study and file to begin studies of cancer drugs later this year. But Ins Show less Read more
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