(24/7 MARKET NEWS) – CytomX Therapeutics, Inc. (NASDAQ: CTMX) and Moderna, Inc. (NASDAQ: MRNA) announced, after yesterday’s market close, a collaboration and licensing agreement to create investigational mRNA-based conditionally activated therapies utilizing Moderna’s mRNA technologies and CytomX’s Probody(R) therapeutic platform.
It’s trading higher this morning, at $2.92, up $1.13 (+63.13%), on 12.7 million shares traded.
Its 52-week range is $1.17 to $4.73. If it can break through the $3.00 resistance level, it has a favorable setup for a potential run to its February and March trading levels.
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