- Barinthus Biotherapeutics' stock surged 102% after Q1 earnings beat expectations, driven by record revenue and new drug approvals.
- The biotech firm reported $285M in revenue, a 50% YoY increase, fueled by strong demand for its oncology therapies and autoimmune treatments.
- Analysts highlight the FDA's recent approval of its lead cancer drug as a key catalyst, unlocking $1.2B in potential annual sales by 2027.
- The jump signals renewed investor confidence in biotech innovation, with Barinthus now valued at $9.3B despite ongoing clinical trial risks.
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