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Here's Why AnaptysBio Rose 22.1% in May

TheMotleyFool

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Shares of AnaptysBio (NASDAQ: ANAB) jumped over 22% last month, according to data provided by S&P Global Market Intelligence. The beaten-up biopharma stock trekked higher after the development-stage company delivered a slew of pipeline updates alongside first quarter 2020 operating results.

Investors aren't quite ready to forget the high-profile failure of etokimab in late 2019, but enthusiasm appears to be building for the company's pipeline. The small-cap stock has now gained 28% since the beginning of 2020, although shares of AnaptysBio have lost 73% in the last year.

Image source: Getty Images.

Source Fool.com

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