Skip to content

XBiotech up on discovery of COVID-19 candidates

August 17, 2020

Thinly traded micro cap XBiotech (NASDAQ:XBIT) is up 16% premarket on modestly higher volume in reaction to its announcement that it has identified True Human antibodies, derived without modification from humans, that could potentially be used to treat COVID-19.

It discovered the antibodies in blood samples from people who recovered quickly from the respiratory infection provided by collaboration partner BioBridge Global who is participating in a program to provide convalescent plasma to treat severely ill COVID-19 patients.

Aimed at accelerating advancement of its pipeline, the company is expanding its existing manufacturing and research center in Austin, TX with a new 30K sq. ft. infectious disease R&D facility.

https://seekingalpha.com/news/3606193-xbiotech-up-16-on-discovery-of-covidminus-19-candidates

From → Uncategorized

Leave a Comment

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

%d bloggers like this: