Biotech Soars On Material Transfer Agreement

By: Tomas Ronolski - AllPennyStocks.com News

Tuesday, September 24, 2024

A New York-based biotech company is turning heads on Tuesday after it announced it signed a material transfer agreement to supply SLS-002 for the Department of Defense’s military and veterans adaptive platform clinical trial for PTSD.

Traders were quick to snatch up shares of Seelos Therapeutics Inc. (Nasdaq:SEEL), pushing the price of this micro cap up to $0.5536/share (+191.37%) at the early session high. This move could be indicative of a potential breakout for this stock in sessions to come!

Seelos Therapeutics Inc is a clinical-stage biotechnology company. The company is focused on developing products that address significant unmet needs in the Central Nervous System (CNS) disorders and other rare disorders.

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Biotech Soars On Material Transfer Agreement

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