Novavax Inc. Stock Falls Tuesday, Underperforms Market

Harpoon Therapeutics Inc

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Health Care : Biotechnology | Small Cap Value

Company profile

Harpoon Therapeutics, Inc. is a clinical-stage immunotherapy company. The Company is engaged in the developing a T cell engager that harness the power of the body’s immune system to treat patients suffering from cancer and other diseases. It is developing a pipeline of T cell engagers using its TriTACs, focused on the treatment of solid tumors and hematologic malignancies. It has also nominated its clinical candidate using its ProTriTAC platform, a prodrug version of its TriTAC platform, designed to expand the target space for T cell engagers and bring the benefits of TriTACs to the patients. The Company’s TriTAC product candidates include HPN328, HPN217 and HPN536. The Company’s ProTriTAC product candidate include HPN601. T cell engagers are engineered proteins that direct a patient’s own T cells to kill target cells that express specific proteins, or antigens, carried by the target cells.

Novavax Inc. Stock Falls Tuesday, Underperforms Market

5:14 pm ET January 3, 2023 (MarketWatch) Print

This article was automatically generated by MarketWatch using technology from Automated Insights.

Shares of Novavax Inc. (NVAX) slid 4.77% to $9.79 Tuesday, on what proved to be an all-around dismal trading session for the stock market, with the NASDAQ Composite Index falling 0.76% to 10,386.98 and Dow Jones Industrial Average falling 0.03% to 33,136.37. The stock's fall snapped a three-day winning streak. Novavax Inc. closed $131.98 short of its 52-week high ($141.77), which the company reached on January 4th.

The stock underperformed when compared to some of its competitors Tuesday, as Johnson & Johnson (JNJ) rose 0.87% to $178.19, Pfizer Inc. (PFE) rose 0.04% to $51.26, and Merck & Co. Inc. (MRK) rose 0.17% to $111.14. Trading volume (6.5 M) eclipsed its 50-day average volume of 6.3 M.

Data source: Dow Jones Market Data, FactSet. Data compiled Janurary 3, 2023.

(END) Dow Jones Newswires

January 03, 2023 17:14 ET (22:14 GMT)