By Katherine Hamilton
Humacyte shares gained after announcing that the Pentagon has allocated funding for the company's vascular repair technology for injured military personnel.
The stock climbed 27% to $1.19 on Monday. Shares lost 9.6% of their value over the past three months.
The biotechnology company said Monday that the Pentagon's new appropriations act for 2026 includes funding for the evaluation and incorporation for the technologies, which are designed for people suffering from traumatic vascular injuries.
Humacyte said its Symvess product is the only human-derived bioengineered blood vessel approved by the Food and Drug Administration.
Write to Katherine Hamilton at katherine.hamilton@wsj.com
(END) Dow Jones Newswires
February 09, 2026 12:58 ET (17:58 GMT)
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