Home Trending Stocks The AFMD Stock Is Rising In Premarket Trade; What Is Driving It?

The AFMD Stock Is Rising In Premarket Trade; What Is Driving It?

As of Thursday’s premarket, shares of Affimed N.V. (NASDAQ: AFMD) are up 30.29% to $10.28. Affimed stock closed the last trading session at $7.89, up 1.15 percent. A total of 1.85 million shares were traded on AFMD stock, which was a bit below the average daily trading volume of 1.86 million shares for the last 50 days.

The surge in AFMD stock price has been accompanied by an array of positive news in its Phase 1 Study for Natural Killer Cells as well as the release of its quarterly results scheduled for mid this month.


3 Tiny Stocks Primed to Explode The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.

We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.

Click here for full details and to join for free

Sponsored


What were those developments?

Affimed is an immuno-oncology company that is committed to helping patients re-discover their inherent ability to fight cancer by realizing the untapped ability of their innate immune system. AFMD’s proprietary ROCK platform offers tumor-targeted therapy to identify and kill a range of cancers both hematologic and solid.

According to the Affimed announcement on Thursday, it will release financial and management update as well as results for the whole year 2020 on April 15, 2021. An earnings conference call will be held by AFMD at 8:30 a.m. Eastern Standard Time.

AFMD also released positive initial clinical data from an investigator-sponsored study on the same day. A study at the MD Anderson Cancer Center at The University of Texas was conducted for the study. Objectives of the trials included investigating the cord blood-derived natural killer (cbNK) cells’ activity when pre-complexed with AFMD’s innate cell engager (ICE) AFM13 (CD16A/CD30).

What do the study results meant for AFMD?

This revolutionary treatment has been tested in humans for the first time and has been shown to be both safe and effective, which will be an encouraging factor for Affirmed (AFMD). Research indicates that AFMD’s treatment may help the immune system find and destroy cancer cells. By taking advantage of these approaches, AFMD will be able to optimize treatment options for a variety of hematologic and solid tumors, by leveraging the unique and differentiating features of its ICE molecules.

Get The Best Stocks To Trade Every Day!

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

Must Read

Oragenics Inc. (OGEN) stock gained during current market. What’s driving it high?

Oragenics Inc. (OGEN) stock gains by 54.33% during the current market trading session. Oragenics, is a research and development firm focused on combating infectious...

Flora Growth Corp. (FLGC) stock declines during premarket. Here’s what you should know?

Flora Growth Corp. (NASDAQ: FLGC) stock gained by 49.67% at last close whereas the FLGC stock price plunged by 18.36% in the pre-market trading...

Palatin Technologies Inc. (PTN) stock rises during pre-market trading. What has been happening lately?

Palatin Technologies Inc. (NASDAQ: PTN) stock declined by 1.16% the last close whereas the PTN stock price gains by 3.91% in the pre-market trading...

Smith Micro Develops Inc. (SMSI) stock soars during current market trading. Here’s to know why?

Smith Micro Develops Inc. (NASDAQ: SMSI) stock surged by 2.39% during the current market trading session. Smith Micro creates software that simplifies and improves...

Drive Shack Inc. (DS) stock soars during after-hour trading, followed by no recent update

Drive Shack Inc. (NASDAQ: DS) stock declined by 3.94% at last close while the DS stock-price surged by 7.38% in the after-hour session. Drive...

Oragenics Inc. (OGEN) stock gained during current market. What’s driving it high?

Oragenics Inc. (OGEN) stock gains by 54.33% during the current market trading session. Oragenics, is a research and development firm focused on combating infectious...

Tonix Pharmaceutics Holdings Inc. (TNXP) stock gains during current market. What’s driving it high?

Tonix Pharmaceuticals Holdings Inc. (TNXP) stock gains by 2.81% in the current market trading session. Tonix is a clinical-stage biopharmaceutical business dedicated on finding,...

Intec Pharma Inc. (NTEC) stock declines during current market after a massive upraise. What’s happening?

Intec Pharma Inc. (NASDAQ: NTEC) stock drops by 7.88% during the current market trading session. Intec Pharma is a clinical-stage biopharmaceutical firm specializing in...

Related News

Oragenics Inc. (OGEN) stock gained during current market. What’s driving it high?

Oragenics Inc. (OGEN) stock gains by 54.33% during the current market trading session. Oragenics, is a research and development firm focused on combating infectious...

Flora Growth Corp. (FLGC) stock declines during premarket. Here’s what you should know?

Flora Growth Corp. (NASDAQ: FLGC) stock gained by 49.67% at last close whereas the FLGC stock price plunged by 18.36% in the pre-market trading...

Palatin Technologies Inc. (PTN) stock rises during pre-market trading. What has been happening lately?

Palatin Technologies Inc. (NASDAQ: PTN) stock declined by 1.16% the last close whereas the PTN stock price gains by 3.91% in the pre-market trading...

Smith Micro Develops Inc. (SMSI) stock soars during current market trading. Here’s to know why?

Smith Micro Develops Inc. (NASDAQ: SMSI) stock surged by 2.39% during the current market trading session. Smith Micro creates software that simplifies and improves...

Drive Shack Inc. (DS) stock soars during after-hour trading, followed by no recent update

Drive Shack Inc. (NASDAQ: DS) stock declined by 3.94% at last close while the DS stock-price surged by 7.38% in the after-hour session. Drive...

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

SPECIAL GIFT

WE HAVE A GIFT FOR YOU

Download Free eBook For

7 GROWTH STOCKS FOR 2021

100% free. stop anytime no spam