Key pre-market developments in biotech & aerospace


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We’d like to share some of our top market movers today. Stay ahead as the most prepared trader on the Street!

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FOCUS LIST๐Ÿ”Ž

TRAW โ€“ Increased over 100% in pre-market after announcing advancements in Tivoxavir Marboxil for H5N1 Bird Flu development.

RAPT โ€“ Surged over 40% in pre-market following the disclosure of an exclusive license agreement with Shanghai Jemincare Pharmaceutical for a novel long-acting anti-IgE antibody.

PRZO โ€“ Gained over 20% in pre-market after revealing a significant Australian order for drone safety systems, affirming industry leadership.


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HOTLIST๐Ÿ”ฅ

TRAW โ€“ Increased over 100% in pre-market after announcing progress on Tivoxavir Marboxil for H5N1 Bird Flu

Traws Pharma Inc. (TRAW) is a clinical-stage biopharmaceutical company dedicated to developing small molecule oral therapy candidates for respiratory viral diseases and cancer.

In the pre-market this morning, they announced advancements in their investigational therapy, Tivoxavir Marboxil, intended for one-dose treatment of H5N1 bird flu.

Key Highlights:

Investigational agent targeting treatment or prevention of H5N1 Bird Flu.

Phase 1 dosing completed in healthy volunteers.

Potent inhibition of drug-resistant and bird flu viruses in vitro.

In vivo mice studies confirmed potent protection and reduced virus replication in lungs infected by H5N1 from an infected dairy worker.

Shares of
TRAW
experienced over 100% gains in the pre-market following this announcement.

The $9.70 level acted as support in pre-market, which is crucial to monitor.

Above it, targets include $10.70, $12.20, $13.50, and the pre-market high at $15.89.

Below $9.70, targets to watch for declines are $9, $8, $7.50, $6, and a gap fill at $5.02.


RAPT โ€“ Surged over 40% in pre-market after an exclusive licensing deal with Shanghai Jemincare Pharmaceutical for a novel anti-IgE antibody

RAPT Therapeutics Inc. (RAPT) is a clinical-stage biopharmaceutical company focused on the discovery, development, and commercialization of oral small molecule therapies for oncology and inflammatory diseases in the U.S.

In pre-market this morning, they announced an exclusive license agreement with Shanghai Jemincare Pharmaceutical for JYB1904 (RAPT designation RPT904), a half-life extended anti-IgE monoclonal antibody in clinical-stage development.

Transaction Highlights:

โ€“ RAPT obtains worldwide rights excluding China.

โ€“ Jemincare receives a $35 million upfront payment plus up to $672.5 million in milestone payments and royalties on future sales.

โ€“ Jemincare is conducting Phase 2 trials for asthma and chronic spontaneous urticaria in China.

Shares of
RAPT
traded up over 40% in pre-market following this announcement.

The $1.40 level served as resistance during pre-market trading and should be closely monitored.

Above $1.40, potential upside targets are $1.60, $1.75, and the pre-market high at $1.97.

If it drops below $1.40, downside targets include $1.26, $1.16, $1, and a gap fill at $0.8254.


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PRZO โ€“ Up over 20% in pre-market after confirming a key Australian order for drone safety systems, reinforcing industry leadership

ParaZero Technologies Ltd. (PRZO) is an aerospace firm that designs, develops, manufactures, distributes, and sells autonomous safety systems for commercial drones across the U.S., Israel, Canada, Europe, and globally.

This morning, they released a press statement indicating they had secured an order for their SafeAirโ„ข systems from a significant drone technology distributor in Australia.

This order highlights ParaZeroโ€™s rapid growth within the Australian drone market, driven by recent regulatory approvals and strategic collaborations. As drone usage rises in various industries, ParaZeroโ€™s sophisticated solutions illustrate its dedication to setting and advancing drone safety standards, enabling operators to achieve top-level safety benchmarks while promoting innovation.

Shares of PRZO surged over 20% in the pre-market as a result of the press release.

The $1.93 price point acted as support in pre-market trading and should be kept an eye on.

Targets for potential growth above this are $2.05, $2.20, $2.30, and the pre-market peak at $2.36. Following that, targets include $2.44 and $2.77.

If it falls below $1.93, be mindful of a gap to fill at $1.76, with further support at $1.53.


MARKET NEWS ๐Ÿ“ฐ


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Source: USD @ Thu, 23 Jan.