HCW Biologics Jumps, Doubles Again as Traders Pile Into Biotech Name
HCW Biologics shares surged 122% to $2.35 Wednesday, trading as high as $3.96 on heavy volume after a new securities filing and recent earnings. The company is seeking up to $5.6 million in a stock or warrant offering to fund development of its IL-2 fusion protein, HCW9302. First-quarter revenue rose to $6.54 million, mainly from a licensing deal with Beijing Trimmune Biotech.