Werewolf Therapeutics IPO: HOWL Stock Comes Out Howling on First Day of Trading


Werewolf Therapeutics (NASDAQ::Howl) is doing incredibly well today with its stock trading on the first day after its initial public offering (IPO).

1x1.trans.gif

Source: Shutterstock

On Werewolf Therapeutics' first day of trading, 1.3 million shares were moved at the time of writing. While we don't have a daily average to compare this to, it's still not smellable.

In the IPO of Werewolf Therapeutics, the company is offering up to 7.5 million shares of HOWL at a price of $ 16 each. The company expects gross proceeds from the IPO of approximately $ 120 million.

There is also a 30-day option for underwriters to purchase an additional 1,125,000 HOWL shares at the IPO price. Jefferies, SVB Leerink, and Evercore ISI act as joint book-running managers of the offer. HC Wainwright & Co. acts as lead manager for the IPO.

The Werewolf Therapeutics launches today with shares of HOWL stock listed on the Nasdaq Exchange. The offer should last until Tuesday.

What does Werewolf Therapeutics do?

Werewolf Therapeutics is a biopharmaceutical company that develops therapeutics that are designed to stimulate the body's immune system. These therapies would improve the body's ability to deal with cancer.

Werewolf Therapeutics' most advanced product candidates are the WTX-124 and WTX-330. These are conditionally activated interleukin-2 (IL-2) and interleukin-12 (IL-12) INDUKINE molecules that have been developed to treat solid cancerous tumors.

Both therapies are still used for preclinical studies. The company says its goal is to advance each of them for treating multiple tumor types. They will also work in conjunction with immune checkpoint inhibitors.

HOWL stock rose 27.8% on Friday morning.

Werewolf Therapeutics is among several medical companies that have made headlines lately.

A few others are in the news too, but for different reasons. That includes such as Marc G. Movement (NASDAQ:WORDS), Occugen (NASDAQ:OCGN), and Protalix BioTherapeutics (NEW:PLX). Investors looking for the latest news from these companies can check out the links below.

More medical stocks news

At the time of publication, William White held positions (neither directly nor indirectly) in any of the securities referred to in this article.


continue Reading

https://thedailytradingnews.com/werewolf-therapeutics-ipo-howl-stock-comes-out-howling-on-first-day-of-trading/

Comments

Post a Comment

Popular posts from this blog

China’s new space station opens for business in an increasingly competitive era of space activity

The International Space Station is no longer the only place where humans can live in orbit. On Nov. 29, 2022, the Shenzhou 15 mission launched from China's Gobi Desert carrying three taikonauts – the Chinese word for astronauts. Six hours later, they reached their destination, China's recently completed space station, called Tiangong, which means "heavenly palace" in Mandarin. The three taikonauts replaced the existing crew that helped wrap up construction. With this successful mission, China has become just the third nation to operate a permanent space station. China's space station is an achievement that solidifies the country's position alongside the US and Russia as one of the world's top three space powers. As scholars of space law and space policy who led the Indiana University Ostrom Workshop's Space Governance Program, we have been following the development of the Chinese space station with interest. Unlike the collaborative, US-led Inte
Read more

North Uist spaceport scheme could 'review' role of Russia-linked firm

Image
Plans to build a rocket-launching spaceport in the Outer Hebrides could be dealt a blow over links to Russia, we can reveal. Western Isles Council has signaled it may need to order a “review” of its partnership with consultancy firm Commercial Space Technologies (CST) Ltd, depending on future government advice. The firm is registered in the UK but has long-standing connections with Russia. Scottish ministers urged businesses on Thursday to cut their ties to Russia amid international outrage at Vladimir Putin's decision to invade Ukraine. CST said it had sought advice from the UK Government's department of international trade. The company is involved in a consortium which is driving the Spaceport 1 project at North Uist. North Uist It is working alongside the local authority, also known as Comhairle nan Eilean Siar, development agency Highlands and Islands Enterprise (HIE), and defense firm QinetiQ. The original plans attracted a flood of objects, but h
Read more

How Iran is accessing the social media accounts of protesters to incriminate them, experts say

Image
CNN — In between being blindfolded, locked in solitary confinement, and interrogated in a wheelchair while she was on a hunger strike following her late September arrest, Negin says she had a realization: Iranian officials were using her private Telegram chats, phone logs and text messages to incriminate her. “They told me 'Do you think you can get out of here alive? We will execute you. Your sentence is death penalty. We have evidence, we are aware of everything,'” said Negin, whose name CNN changed at her request, for her safety. Negin, who says she has been accused by Iranian authorities of running an anti-regime activist group on Telegram (an allegation she denies), said she has “some friends” who were political prisoners. “They put in front of me transcribed printouts of my phone conversations with those friends,” she said, and “questioned me on what my relationship with tho
Read more