Q32 Bio's (QTTB) shares doubled amid heavy trading after the company said Monday it sold alopecia areata drug candidate ADX-097 to Akebia Therapeutics (AKBA).
More than 157.3 million shares of Q32 Bio traded intraday compared with a daily average of about 223,000.
Kala Bio (KALA) said Monday it has entered into a $6 million securities purchase agreement with private investor David E. Lazar for the purchase of the company's non-voting convertible preferred stock.
Effective immediately, Lazar has been appointed Kala's chief executive officer and chairman. Former CEO Todd Bazemore continues to serve on the board.
Shares surged 58% as intraday trading volume catapulted to over 147.5 million from a daily average of about 1.7 million.
Belite Bio (BLTE) said Monday its phase 3 trial of Tinlarebant to treat Stargardt disease type 1 met its primary efficacy endpoint.
Shares advanced 8.4% as intraday trading volume climbed to more than 611,000 from a daily average of about 90,000.
Price: 4.40, Change: +2.21, Percent Change: +100.91