Home Equities Score What Has Been Pushing Intec Pharma (NTEC) Stock Up 27% Today?

What Has Been Pushing Intec Pharma (NTEC) Stock Up 27% Today?

Stock of Intec Pharma Ltd (NASDAQ: NTEC) rose 26.91% from the previous closing price in today’s trading session. In the trade so far, the lowest point reached by an NTEC stock was $5.70, while the highest price hit was $7.49. During mid of the session, the trading volume of Pharma Ltd stock was observed to be 9.32 million, which was much higher than the average daily trading volume of 765K. The surge has been coming on the heels of merger deal news announced in a press released this morning.

What’s in the merger for NTEC?

Based on its proprietary Accordion Pill platform technology, Intec Pharma focuses on clinical-stage biopharmaceutical development. By utilizing efficient gastric retention and specific release mechanism, Accordion Pill of NTEC targets enhancing the efficacy and safety of existing drugs and drugs in development.


The 2021 Backdoor Crypto Portfolio (free)

Even if you’re not actively in crypto, you deserve to know what’s actually going on...

Because while leading assets such as Bitcoin (BTC) and Ethereum (ETH) are climbing in value, a select group of public “crypto stocks” are surging right along with them. More importantly, these stocks are outpacing the returns these leading crypto assets aren already producing.

Click here to get the full story… along with our long list of backdoor Bitcoin strategies. It’s free.

Sponsored


Earlier today, Intec Pharma announced that it has reached an agreement with Decoy Biosystems, Inc. regarding a business combination.

Through the combined company, immunotherapy will be implemented to combat different types of tumors, infections, and viruses. Decoy Biosystem is a small, private biotechnology company developing novel, multi-targeted immunotherapies designed to safely prime adaptive and innate immune responses against tumors and viruses. Prior to filing an IND, Decoy met with FDA representatives to determine an appropriate IND application and plans to conduct Phase I clinical trials in 2022 targeting solid tumors and lymphomas.

In accordance with the merger agreement exchange ratio formula, the former Decoy shareholders are expected to hold approx. 75% of the combined company upon completion of the merger. It does not take into account the effect of the difference between Intec Pharma’s and Decoy’s respective cash and obligations. At fully diluted, Intec Pharma shareholders will own about 25% of the combined company.

Finally,

Intec Pharma (NTEC) will be able to advance its first clinical candidate towards human trials by merging with Decoy. This project will further accelerate the development of the unique immunotherapy platform by NTEC and enable it to become the most advanced immunotherapy platform in the industry that can rapidly develop and implement next-generation antiviral and antitumor treatments.

Get The Best Stocks To Trade Every Day!

Join now to get the NewsHeater.com pre-market morning brief 100% free

Must Read

Why Is The OPTT Stock Rising Today?

The shares of leading innovative and cost-effective ocean energy solutions provider Ocean Power Technologies Inc. (OPTT) have been trading up 3.54% in early trades...

IHT Stock Has Been Growing During Premarket Session. What Has Driven That Upward Trend?

At the premarket today, shares of InnSuites Hospitality Trust (NYSE: IHT) rose 10.43% to $2.33. The InnSuites stock gained 3.43% last trading day to finish...

In Premarket Session, Why Is SEAC Stock Rising?

Shares of SeaChange International Inc. (NASDAQ: SEAC) are trading up 11.65% to $1.15 in premarket. SEAC stock gained 1.98% to end Wednesday trading session...

Here is why Qualtrics International Inc (XM) stock surged in the after-hours on Wednesday?

Qualtrics International Inc (XM) stock started the Wednesday, April 21, 2021, in a negative mode and lost 0.059% in normal trading session but in...

ZLAB Stock Is On An Upswing Today. Why?

Today's premarket session has seen shares of Zai Lab Limited (NASDAQ:ZLAB) up 6.12% at $160.00. Last trading session, Zai Lab plunged -8.15% to finish...

IHT Stock Has Been Growing During Premarket Session. What Has Driven That Upward Trend?

At the premarket today, shares of InnSuites Hospitality Trust (NYSE: IHT) rose 10.43% to $2.33. The InnSuites stock gained 3.43% last trading day to finish...

Is There Any Reason Why ACTC Stock Is Rising Before The Market Opens Today?

ArcLight Clean Transition Corp. (NASDAQ: ACTC) shares are trading up 7.12% at $17.90 in premarket trade this morning. ArcLight stock gained 15.64% during the...

BNGO Stock Is On An Upswing Today, Why?

The premarket trading price for Bionano Genomics Inc. (NASDAQ: BNGO) was up 5.75% at $6.25. A share of Bionano stock closed at $5.91 last...

Related News

What Raised The OCGN Stock Higher In After-Hours Session?

In after-market trading hours on Wednesday, Ocugen Inc. (NASDAQ: OCGN) increased 7.85% in value to $7.01. A price range of $5.83 to $6.76 created...

Why did Neubase Therapeutics Inc (NBSE) stock slide in after-hours on Wednesday?

Neubase Therapeutics Inc (NBSE) stock started the day with a 3.09% gain on Wednesday, April 21, 2021, but in the after-hours session, it dropped...

Here is why Teradata Corporation (TDC) stock rallied in the after-market on Wednesday, April 21?

Teradata Corporation (TDC) stock surged 32.90% in the extended trading hours on Wednesday, April 21, 2021. Earlier TDC gained 2.92% in the normal trading...

During After-Hours, What Drove GPM Stock Up More Than 9%?

The shares of Guggenheim Enhanced Equity Income Fund (NYSE: GPM) gained 9.69%, closing at $8.15, in aftermarket trading. In Tuesday's regular session, GPM closed...

Why Sierra Metals Inc (SMTS) stock went up in after-hours on Tuesday April 20?

Sierra Metals Inc (SMTS) stock gained 13.12% in the after-hours session on Tuesday, April 20, 2021, after losing -2.76% to close normal Tuesday's session...

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Get The Best Stocks To Trade Every Day!

Join now to get the NewsHeater.com pre-market morning brief 100% free

Get Best Morning Financial Newsletter... 100% Free

Best stocks ideas

Analysts’ Upgrades & Downgrades

Insider Watchlist

Important Earnings

We do not sell or share your information with anyone.

Get The Best Stocks To Trade Every Day!...100% Free

We do not sell or share your information with anyone.

Get The Best Stocks To Trade Every Day!

Join now to get the NewsHeater.com pre-market morning brief 100% free

We do not sell or share your information with anyone.