Fusion Pharmaceuticals Inc
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Health Care : Biotechnology | Small Cap Value
Based in Canada
Company profile

Fusion Pharmaceuticals Inc. is a clinical-stage oncology company. The Company is focused on developing radiopharmaceuticals as precision medicines. It has developed its Targeted Alpha Therapies (TAT), platform to enable it to connect alpha particle emitting isotopes to various targeting molecules to selectively deliver the alpha particle payloads to tumors. The TAT platform is underpinned by its ability to radiolabel various classes of targeting molecules, its research and insights into the underlying chemistry and biology of alpha emitting radiopharmaceuticals, its differentiated capabilities in target identification, candidate generation, manufacturing and supply chain, its Fast-Clear linker technology used in conjunction with antibody-based targeting molecules, and development of imaging agents. Its clinical portfolio includes FPI-2265, FPI-1434 and FPI-2059. FPI-2265 targeting prostate specific membrane antigen for metastatic castration resistant prostate cancer in a Phase 2 trial.

Day's Change
-0.125 (-4.91%)
B/A Size
Day's High
Day's Low
(Above Average)

Today's volume of 22,946 shares is on pace to be greater than FUSN's 10-day average volume of 28,131 shares.


Is the U.S. stock market closed on Memorial Day?

7:00 am ET May 29, 2023 (MarketWatch)

By Joy Wiltermuth

Investors are monitoring progress in Washington on a deal to extend or raise the current $31.4 trillion U.S. borrowing limit

The U.S. stock market is closed on Monday, May 29 for Memorial Day, as is the bond market, but the trading session for bonds also ended early Friday at 2 p.m. Eastern, ahead of the long holiday weekend.

Investors have been glued to developments on the U.S. debt-ceiling impasse in recent days, with talks in Washington looking somewhat promising on Friday for an agreement to be reached to avert bringing the U.S. to the brink of a default.

Read: Here's what's in the emerging debt-ceiling deal -- such as a cut to the IRS

Trading has been volatile in U.S. debt, especially in short-term Treasury bills due around the June 1 "X-date," or when Treasury Secretary Janet said the government is likely to run out of enough funds to coverall its bills, without a deal to suspend or increase the current $31.4 trillion U.S. borrowing limit.

The rate on the 1-month T-bill, issued on May 9 and maturing on June 6, was at 5.649% Friday, down 139.2 basis points from 7.041% two days ago, writes MarketWatch's Vivien Lou Chen. The 10-year Treasury yield was near 3.8% Friday.

Related: Here are 3 key things to know about markets and the debt-ceiling fight as Memorial Day weekend approaches

Stocks finished higher on Friday as well, but with the Dow Jones Industrial Average booking a 1% decline for the week, according to FactSet. The S&P 500 index rose 0.3% weekly gain, while the Nasdaq Composite Index gained 2.2% for the week, powered by excitement around Nvidia Corp.'s (NVDA) earnings and optimism around AI technologies The S&P 500 and Nasdaq also both closed Friday at their highest levels since August 2022.

Also see: Memorial Day weekend: Is the post office delivering mail on Monday? Are banks open?

-Joy Wiltermuth

This content was created by MarketWatch, which is operated by Dow Jones & Co. MarketWatch is published independently from Dow Jones Newswires and The Wall Street Journal.


(END) Dow Jones Newswires

May 29, 2023 07:00 ET (11:00 GMT)

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