Biotech Shares Rip Following Collaboration Announcement For Monkeypox Research

By: Tomas Ronolski - AllPennyStocks.com News

Tuesday, October 22, 2024

A Scotland-based biotech company is finding a tremendous amount of success so far during Tuesday’s session after the company announced it entered into a research planning collaboration with Dr. Carlos Maluquer de Motes for the development of a treatment for Monkeypox.

Traders were quick to buy up shares of TC BioPharm (Holdings) plc (Nasdaq:TCBP) following the announcement, with shares of this micro cap quickly reaching up to $3.8799/share (+70.92%) at the early session high. This move could be indicative of this stock finally finding support for the first time in quite some time.

TC BioPharm (Holdings) PLC is a clinical-stage biopharmaceutical company focused on developing novel immunotherapy products that are based on its proprietary allogeneic gamma delta T (abbreviated as GD-T) cell platform.

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Biotech Shares Rip Following Collaboration Announcement For Monkeypox Research

Other Penny Stock Movers

Strategic Acquisition Sending Shares of Junior Miner Higher

U.S. Housing Starts Trend Down, Existing Sales Recover

Shares of Global Commodity Market Leader Moving Up in Heavy Trading

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