Novavax Inc. Stock Underperforms Tuesday When Compared To Competitors

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 Underperforms Tuesday When Compared To Competitors

5:14 pm ET January 24, 2023 (MarketWatch) Print

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

Shares of Novavax Inc. (NVAX) slid 3.10% to $11.55 Tuesday, on what proved to be an all-around mixed trading session for the stock market, with the Dow Jones Industrial Average rising 0.31% to 33,733.96 and the NASDAQ Composite Index falling 0.27% to 11,334.27. Novavax Inc. closed $89.84 short of its 52-week high ($101.39), which the company reached on February 7th.

The stock underperformed when compared to some of its competitors Tuesday, as Johnson & Johnson (JNJ) remained unchanged, Pfizer Inc. (PFE) fell 0.60% to $44.71, and Merck & Co. Inc. (MRK) fell 1.24% to $108.52. Trading volume (5.4 M) remained 1.7 million below its 50-day average volume of 7.1 M.

Data source: Dow Jones Market Data, FactSet. Data compiled Janurary 24, 2023.

(END) Dow Jones Newswires

January 24, 2023 17:14 ET (22:14 GMT)