(24/7 MARKET NEWS) – Palisade Bio, Inc. (PALI:NASDAQ) announced, this morning, that it entered into a licensing agreement with Giiant Pharma, Inc., which provides Palisade Bio with the exclusive worldwide rights to develop, manufacture and commercialize Giiant’s proprietary targeted prodrug platform focused on therapies for the multi-billion dollar IBD market.
Palisade Bio is trading at $1.05, up $0.3603 (+52.24%), on 6.70M premarket shares traded.
Its 52-week range is $0.5505 to $9.095. This cleared all of its recent resistance points and has a gap to nearly $2 that it may fill.
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