Wave Life Sciences (WVE) Stock Explodes on Obesity Drug Breakthrough and $250M Equity Offering
Wave Life Sciences Ltd. (NASDAQ: WVE) has suddenly gone from sleepy small‑cap biotech to front‑page obesity contender. After unveiling striking Phase 1 data for its RNA obesity drug WVE‑007 on December 8, 2025, the stock rocketed roughly 147% to about $18.52 per share, pushing the company’s market cap to around $3.0 billion as of early December 9. MLQ At the same time, Wave launched a $250 million public equity offering, setting up a dramatically stronger balance sheet—but also introducing dilution right after the rally. GlobeNewswire Below is a detailed look at what just happened, why WVE stock is suddenly in