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Nanobiotix stock more than triples, after biotech enters final negotiations with ‘major’ drug maker on development of cancer treatment

Clyde Edgerton by Clyde Edgerton
May 5, 2023
in Markets
Nanobiotix stock more than triples, after biotech enters final negotiations with ‘major’ drug maker on development of cancer treatment
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The U.S.-listed shares of Nanobiotix S.A. NBTX blasted 221.7% higher on massive volume Friday, to pace all gainers trading on major U.S. exchanges, after the France-based biotechnology company said it entered into final contract negotiations for the commercialization of its cancer treatment. Trading volume exploded to 27.9 million shares, compared with the full-day volume over the past 30 days of about 3,200 shares. The company said the negotiations come after an agreement to a non-binding term sheet with a “major global pharmaceutical company” for development and commercialization of its lead nanotherapeutic candidate…



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