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Here are some of our top movers today. Be the best prepared trader on the Street!
FOCUS LIST🔎
TRAW – Up over 100% in the pre-market after announcing progress in developing Tivoxavir Marboxil for H5N1 Bird Flu
RAPT – Up over 40% in pre after announcing exclusive license agreement with Shanghai Jemincare Pharmaceutical for novel long-acting anti-IgE antibody
PRZO – Up over 20% in pre after announcing it had secured major Australian order for drone safety systems, strengthening industry leadership
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HOTLIST🔥
TRAW – Up over 100% in the pre-market after announcing progress in developing Tivoxavir Marboxil for H5N1 Bird Flu
Traws Pharma Inc. (TRAW) is a clinical stage biopharmaceutical company that focuses on developing small molecule oral product candidates for respiratory viral diseases and cancer.
In the pre-market this morning, the company announcedprogress in the development of its investigational one-dose influenza (flu) investigational therapy, tivoxavir marboxil for treatment of H5N1 bird flu.
Highlights include:
Investigational agent in development for treatment or prevention of H5N1 Bird Flu
Phase 1 dosing completed in healthy volunteers
Potent inhibition of drug-resistant and bird flu viruses in vitro
In vivo study in mice, with H5N1 isolated from an infected dairy worker, showed potent protection and suppression of virus replication in lungs
Shares of TRAW traded up over 100% in the pre-market in reaction to the news.
The $9.70 area acted as support in the pre-market and will be an important level to watch.
Above it, targets to the upside are $10.70, $12.20, $13.50 and then the pre-market high at $15.89.
Below $9.70 targets to the downside are $9, $8, $7.50, $6 and then a gap fill at $5.02.
RAPT – Up over 40% in pre after announcing exclusive license agreement with Shanghai Jemincare Pharmaceutical for novel long-acting anti-IgE antibody
RAPT Therapeutics Inc. (RAPT) is a clinical-stage immunology-based biopharmaceutical company that focuses on the discovery, development, and commercialization of oral small molecule therapies for patients with unmet needs in oncology and inflammatory diseases in the United States.
In the pre-market this morning, the company announcedit has entered into an exclusive license agreement with Shanghai Jemincare Pharmaceutical for JYB1904 (RAPT designation RPT904), a clinical-stage, half-life extended anti-immunoglobulin E (IgE) monoclonal antibody.
Highlights of the transaction include:
– RAPT obtains worldwide rights excluding China –
– Jemincare receives $35 million upfront payment, up to $672.5 million in milestone payments and high single-digit to low-double digit royalties on future sales –
– Jemincare is currently conducting Phase 2 trials in asthma and chronic spontaneous urticaria in China –
Shares of RAPT traded up over 40% in the pre-market in reaction to the news.
The $1.40 area acted as resistance in the pre-market and will be an important level to watch.
Above it, targets to the upside are $1.60, $1.75 and then the pre-market high at $1.97.
Below $1.40, targets to the downside are $1.26, $1.16, $1 and then a gap fill at $0.8254.
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PRZO – Up over 20% in pre after PR that it had previously secured major Australian order for drone safety systems, strengthening industry leadership
ParaZero Technologies Ltd. (PRZO) is an aerospace company that designs, develops, manufactures, distributes, and sells autonomous parachute safety systems for commercial drones in the United States, Israel, Canada, Europe, and internationally.
In the pre-market this morning, the company released a press release stating that it had previously announced that it received an order for its SafeAir™ systems from a significant distributor specializing in drones and drone technology in Australia.
This order, which was announced earlier this month, highlights ParaZero’s accelerating growth in the Australian drone market, fuelled by its recent regulatory approvals and strategic collaborations. As the adoption of drones expands across industries, ParaZero’s cutting-edge solutions reflect its commitment to set and advance the standards for drone safety, empowering operators to meet the highest safety standards while advancing innovation.
Shares of PRZO traded up over 20% in the pre-market in reaction to the press release.
The $1.93 area acted as support in the pre-market and will be an important level to watch.
Above it, targets to the upside are $2.05, $2.20, $2.30 and then the pre-market high at $2.36. Beyond that, $2.44 and $2.77 come into play.
Below $1.93 there is a gap to fill at $1.76, with $1.53 below that.
MARKET NEWS 📰
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