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License and Research Collaboration with Merck has this Small Cap on Fire

2023-12-12 07:41:19 ET

DENVER, Colo., Dec 12, 2023 ( www.247marketnews.com )- C4 Therapeutics, Inc. (NASDAQ: CCCC) stated, this morning, that it entered into an exclusive license and collaboration agreement with Merck to develop degrader-antibody conjugates (DACs), an emerging modality designed to selectively target and neutralize disease-causing proteins in cancer cells.

C4T is trading at $1.54, up $0.36 (+30.51%), on 3.8M shares traded.

Its 52-week range is $1.06 to $9.41. This hit a new 52-week low last week and may be driven higher by short covering.

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License and Research Collaboration with Merck has this Small Cap on Fire


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