Stock Track | REMEGEN Soars 5.09% Intraday on AbbVie Licensing Deal for RC148

Stock Track

01/16

REMEGEN's stock surged 5.09% during the intraday session on Friday, driven by investor optimism following the announcement of an exclusive licensing agreement with AbbVie for RC148, a PD-1/VEGF bispecific antibody.

The deal grants AbbVie rights to RC148 outside Greater China and includes significant upfront, milestone, and royalty payments for REMEGEN. This partnership is expected to enhance REMEGEN's revenue streams and validate its pipeline, contributing to the stock's upward momentum.

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