Eikon Therapeutics Debuts on Nasdaq with Over 5% Opening Decline

Stock News
02/06

On Thursday, Eikon Therapeutics (EIKN.US) began trading on the Nasdaq exchange, opening more than 5% lower at $17.05 per share, below its IPO price of $18. The company was founded in 2019 by Nobel laureates in chemistry Eric Betzig, Xavier Darzacq, Luke Lavis, and Robert Tjian and is currently developing multiple experimental cancer therapies. Its most advanced drug candidate, EIK1001, is undergoing mid-to-late stage clinical trials for skin cancer in combination with Merck's (MRK.US) Keytruda. Interim analysis data from the study is expected to be released in the second half of 2026.

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