This Small Biotech Got A Booster Shot On CAR-T Deal

By | March 30, 2015

Scalper1 News

Shares of Intrexon (XON) gapped up on news that the synthetic biotech had formed a collaboration and licensing deal with biopharmaceutical firm Merck KGaA of Darmstadt, Germany, to develop and commercialize CAR-T therapies. Intrexon shares rose 9% to 46.86 in afternoon trading in the stock market today. The stock had been declining through March before bouncing off its 50-day line late last week. Under the deal, Merck KGaA — a separate company Scalper1 News

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