Wave Life Sciences (WVE) Soars 147% on Obesity Drug Breakthrough and $250M Offering: What to Know Before the December 9 Open
Wave Life Sciences shares surged 147% to $18.52 Monday after reporting positive Phase 1 obesity drug data for WVE‑007 and announcing a $250 million equity offering. The stock hit a new 52-week high on record volume, then climbed further to $19.90 in after-hours trading. Interim trial results showed significant fat reduction and increased lean mass after one dose. Analyst ratings remain bullish despite the company’s ongoing losses.