Spotlight Growth - Penny Stocks, Small Cap Stocks, Micro-Cap and Micro Cap Stocks, Stock Exchange, NASDAQ, Crypto, BitCoin, DogeCoin, Ai, Artificial Intelligence, Chat GPT, OpenAi, Open Ai, ASURE Software, Trending, Now, Breaking News, BioTech, Data, Analytics, Technology, Big Tech, Banking, SVB, Bank Closures, Failures, Finance, Stock Market News, WeBull, RobinHood, Reddit Traders, Trading, Investing, Investors, Investment, Investments, Day Trading, Real Estate, VC, Venture Capital, Private Equity, Firm, Firms, OTC Markets, Public, Private, OTCQB, GOOG, APPLE, Shareholders, Stakeholders, Shares, Finance Education, Blog, Articles, Consumer Goods, Pharma, Commodities, Precious Metals, Gold, Silver, Cannabis, CBD, Lithium, Electric Vehicles, Solar, Tesla, Charging, EV, Cloud Computing, Wall Street Bets, Sports Betting, Economy, Economics, IPO, Trade Ideas, Intellectual Property Rights, Private Placement, Crowd Funding, Fundraising, Meta, Metaverse, Web 3, Cyber, Cybersecurity, Cyber Security, Aircraft, VPN, Yahoo Finance, Benzinga, BarChart.

Spotlight Growth - Penny Stocks, Small Cap Stocks, Micro-Cap and Micro Cap Stocks, Stock Exchange, NASDAQ, Crypto, BitCoin, DogeCoin, Ai, Artificial Intelligence, Chat GPT, OpenAi, Open Ai, ASURE Software, Trending, Now, Breaking News, BioTech, Data, Analytics, Technology, Big Tech, Banking, SVB, Bank Closures, Failures, Finance, Stock Market News, WeBull, RobinHood, Reddit Traders, Trading, Investing, Investors, Investment, Investments, Day Trading, Real Estate, VC, Venture Capital, Private Equity, Firm, Firms, OTC Markets, Public, Private, OTCQB, GOOG, APPLE, Shareholders, Stakeholders, Shares, Finance Education, Blog, Articles, Consumer Goods, Pharma, Commodities, Precious Metals, Gold, Silver, Cannabis, CBD, Lithium, Electric Vehicles, Solar, Tesla, Charging, EV, Cloud Computing, Wall Street Bets, Sports Betting, Economy, Economics, IPO, Trade Ideas, Intellectual Property Rights, Private Placement, Crowd Funding, Fundraising, Meta, Metaverse, Web 3, Cyber, Cybersecurity, Cyber Security, Aircraft, VPN, Yahoo Finance, Benzinga, BarChart.

No Result

View All Result

Saturday, September 30, 2023

No Result

View All Result

Home Bio/Med/Pharma

Checkmate Pharmaceuticals (NASDAQ: CMPI) Skyrockets 333% After Agreement to be Acquired by Regeneron (NASDAQ: REGN) for $250 Million

by admin

April 19, 2022

in Bio/Med/Pharma

Checkmate Pharmaceuticals NASDAQ CMPI Regeneron NASDAQ REGN Acquisition Spotlight Growth

Checkmate Pharmaceuticals, Inc. (NASDAQ: CMPI) is engaged as a clinical-stage biotechnology company, which is focused on leveraging its proprietary technology to develop immunotherapies targeting cancer. Shares of the biotech company are skyrocketing 333% through early trading on Tuesday, April 19, 2022. Over the past three months, Checkmate Pharmaceuticals has seen average daily volume of 13,630 shares. However, volume of 1.75 million shares or dollar volume of around $18.25 million, has already exchanged hands through early trading.

Shares of Checkmate Pharmaceuticals are soaring after the company announced it had entered into a definitive agreement to be acquired by Regeneron Pharmaceuticals, Inc. (NASDAQ: REGN). Under the agreement, Regeneron will pay $10.50 per share of Checkmate common stock in an all-cash deal worth $250 million. If approved, the acquisition is estimated to close in mid-2022.

Regeneron looks to bolster its already-impressive portfolio of immuno-oncology drug candidates with Checkmate’s vidutolimod, which is currently being studied as a combination drug for melanoma, non-melanoma skin cancer, and head and neck cancer.

Vidutolimod is administered directly into the tumor, which is believed to induce, develop anti-tumor T-cells and trigger tumor regression. The treatment is designed for use as a monotherapy in patients whose tumors have progressed on PD-1 checkpoint inhibition.

“As we continue to advance and expand our research efforts in immuno-oncology, the acquisition of Checkmate will add a promising new modality to Regeneron’s toolkit of potential approaches for difficult-to-treat cancers,” said Leonard S. Schleifer, M.D., Ph.D., President and Chief Executive Officer of Regeneron. “The unique combination of a differentiated Toll-like receptor 9 with other antibody-based oncology agents may result in increased clinical benefit and provide new treatment options for patients in need. We look forward to welcoming the Checkmate team and their complementary scientific acumen to the Regeneron family.”

Disclosure: No position. Spotlight Growth has no relationships with any of the companies mentioned in this article and did not receive payment in any form for its creation. This is an opinion article and is not meant to be financial advise. We are not broker-dealers or investment professionals. Please conduct your own due diligence. For more information on our disclosures, please visit: https://spotlightgrowth.com/disclosures/