C4 Therapeutics shares surge 10.57% intraday as biotech sector gains momentum and its protein degradation therapies attract attention.
ByAinvest
Wednesday, Jan 7, 2026 10:33 am ET1min read
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C4 Therapeutics surged 10.57% in intraday trading, driven by an overall increase in the biotech sector's appeal, as highlighted by a Citi analyst report indicating a 32% rise in the Nasdaq Biotechnology Index by 2025 and potential valuation recovery by 2026. The company specializes in protein degradation therapies through its TORPEDO platform and BIDAC/MONODAC products, which are currently in high demand.
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