The Traderszone Network

Published in TZ Latest News 28 August, 2017 by The TZ Newswire Staff

Here’s Why Immunomedics Rose as Much as 14.2% Today

Shares of preclinical biopharma Immunomedics (NASDAQ: IMMU) gained over 14% today without any company-specific news. However, earlier in the day, the nearly $12 billion buyout of Kite Pharma by Gilead Sciences was announced, which lifted many stocks working on chimeric antigen receptor T cells, or CAR-T, biotherapeutics. 

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