Nanobiotix shares vault on Johnson & Johnson licensing deal
Shares of Nanobiotix SA NBTX, +1.57% shot up 52.1% toward a 17-month high in premarket trading Monday, after the France-based biotechnology company announced a global licensing and co-development agreement with Johnson & Johnson’s JNJ, -1.45% Janssen Pharmaceutica NV for its cancer treatment.
The company will also be eligible for up to $1.8 billion related to potential development, regulatory and sales milestones. The agreement comes after Nanobiotix’s stock rocketed 229.1% on May 5, after the company said it entered into a final contract negotiations with a “major global pharmaceutical company” to develop and commercialize NBTXR3. The stock has rallied 41.1% year to date through Friday, while the iShares Biotechnology exchange-traded fund IBB, -0.85% has lost 5.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Oh No, Boris Johnson’s Post-Government Second Act Is Actually Going WellThe man is doing it again, and we are letting him.
Read more »
Mayor Johnson files protest to lower estimated $33K property tax bill; hearing next weekThe property was appraised at almost $1.6 million, and Johnson’s family is estimated to pay close to $33,000 in city, school district, county, college and...
Read more »
‘Never going to quit,' the search for Typhenie Johnson continues after 2016 disappearanceFor more than six years, Art Sahlstein has been helping the family of Typhenie Johnson find clues into her Oct. 2016 disappearance when Johnson was 25-years-old.
Read more »
Mayor Johnson files protest to lower estimated $33K property tax bill; hearing next weekDallas Mayor Eric Johnson says he wants to push for the city to have the lowest property tax rate of any major city in the region, but in the meantime is looking for some financial relief himself.
Read more »
Dylan Crews and Paul Skenes could go 1-2 in the MLB Draft. Still, the Pirates might throw a curveLSU outfielder Dylan Crews is, according to Tigers coach Jay Johnson, “the perfectly built baseball player.”
Read more »