Why Shares of Agenus Rose 12.5% on Friday
Shares of Agenus (NASDAQ: AGEN) rose 12.5% on Friday. The stock got a bump as investors pounced on a potential bargain when the clinical-stage biopharmaceutical's stock opened at $2.60 a share. One big buyer was Values First Advisors, a financial advisory firm that bought 10,013 shares of the company and now owns 238,514 shares of Agenus. The stock is down more than 7% so far this year.
Agenus focuses on immuno-oncology therapies that boost the body's ability to fight cancer and infections by activating T-cell immune responses.
The company's lead therapy candidate is botensilimab, an adaptive immune activator that binds to CTLA-4 (cytotoxic T-lymphocyte-associated protein 4), a protein regulator that can slow immune responses in T-cells.
Source Fool.com
