STOXPO
  • Latest News
  • Technology
    • Software
    • Semiconductors
  • Healthcare
    • Biotechnology
    • Pharmaceuticals
  • Crypto
    • Altcoins
    • Bitcoin
    • Ethereum
  • Companies
    • Micro-Cap
    • Small-Cap
    • Mid-Cap
    • Large-Cap
    • Mega-Cap
  • Q&A’s
  • Contributions
No Result
View All Result
  • Latest News
  • Technology
    • Software
    • Semiconductors
  • Healthcare
    • Biotechnology
    • Pharmaceuticals
  • Crypto
    • Altcoins
    • Bitcoin
    • Ethereum
  • Companies
    • Micro-Cap
    • Small-Cap
    • Mid-Cap
    • Large-Cap
    • Mega-Cap
  • Q&A’s
  • Contributions
No Result
View All Result
STOXPO
No Result
View All Result
Home Healthcare Biotechnology
trading-chart-2

Biotech and Tech Stocks Surge Amid Promising Developments

byLuca Blaumann
May 20, 2024
in Biotechnology, Electrical Equipment, Micro-Cap
Reading Time: 3 mins read
Share on TwitterShare on LinkedIn

GT Biopharma Shares Soar 148% Amid Positive Q1 Updates and Promising Pipeline Developments

GT Biopharma Inc. (GTBP) has experienced a significant surge in its share price, climbing 148% as the company builds momentum from its recent Q1 earnings report and strategic corporate updates. The biopharmaceutical company, known for its innovative cancer therapies, has outlined several key milestones for the upcoming quarters, boosting investor confidence and market enthusiasm.

Key Developments Driving Growth

A major highlight from GT Biopharma’s recent announcements is the expected Investigational New Drug (IND) clearance for GTB-3650. This second-generation nanobody TriKE® (Tri-specific Killer Engager) is designed for the treatment of CD33+ leukemia. The IND clearance is anticipated in Q2 2024, with a Phase 1 clinical trial set to begin in the second half of 2024. GTB-3650 represents a significant advancement in targeted cancer therapy, leveraging nanobody technology to enhance the efficacy and specificity of treatment.

Additionally, the company plans to submit an IND for GTB-5550 in Q4 2024. GTB-5550 is another promising TriKE® therapy, this time targeting B7H3 positive solid tumors. The initiation of a Phase 1 dose escalation basket trial for GTB-5550 is also on the horizon, aiming to evaluate its effectiveness across six different solid tumor cancers, including prostate, breast, head and neck, ovarian, lung, and gastrointestinal cancers. This broad-spectrum approach highlights GT Biopharma’s commitment to addressing a wide range of oncological challenges.

Faraday Future’s Market Momentum

Faraday Future Intelligent Electric (FFIE) has also experienced a remarkable 90% increase in its share price. This surge is largely attributed to strong interest from retail investors, who are optimistic about the company’s future prospects in the electric vehicle (EV) market. Faraday Future has been working diligently to enhance its product offerings and market presence, aiming to capture a significant share of the growing EV sector.

MultiMetaVerse Holdings’ Strategic Acquisition

In the entertainment and technology sector, MultiMetaVerse Holdings (MMV) announced a major strategic move by entering a non-binding term sheet for the acquisition of Bowong Technology (Shenzhen) Co., Ltd. and its subsidiaries, collectively known as Bowong AI. The acquisition will be executed through the issuance of MMV’s Class A ordinary shares to Bowong AI’s shareholders, with the exact number of shares to be determined following due diligence and negotiations.

This acquisition is expected to bolster MMV’s capabilities in animation and entertainment for young consumers in China, further solidifying its market position. The Consideration Shares issued in the transaction will be subject to a one-year lock-up period, and MMV has an exclusive 90-day negotiation period to finalize the agreement.

Conclusion

The substantial gains in shares of GT Biopharma, Faraday Future, and MultiMetaVerse Holdings reflect a broader trend of investor confidence in companies making significant strides in their respective fields. GT Biopharma’s innovative cancer therapies, Faraday Future’s advancements in the EV market, and MultiMetaVerse Holdings’ strategic acquisitions highlight the diverse opportunities driving market enthusiasm. Investors will be closely monitoring these companies as they progress through key milestones and continue to develop their groundbreaking technologies and business strategies.

You might like this article:Amgen’s Imdelltra Receives FDA Approval as Breakthrough Lung Cancer Treatment

Tags: GrowthMoversNewsStock Market
Previous Post

Amgen’s Imdelltra Receives FDA Approval as Breakthrough Lung Cancer Treatment

Next Post

Wix Reports Stellar Q1 2024 Results, Anticipates Significant Revenue Growth in 2025

Related Posts

chemistry-2

Envoy Medical Advances to Final Stage of FDA Trial for Fully Implanted Cochlear Implant

byLuca Blaumann
October 7, 2025
0

Positive early results accelerate timeline and reduce capital needs by up to $15 million Envoy Medical (COCH), a Minnesota-based hearing...

investing

Dragonfly Energy Secures Nevada Tech Hub Funding to Strengthen Lithium Battery Innovation

byLuca Blaumann
October 3, 2025
0

$300,000 award to support modernization, workforce training, and growth in Nevada’s clean energy economy Dragonfly Energy Holdings (DFLI), the Reno-based...

KULR Launches Next-Generation Battery Management System for Space and Defense

byLuca Blaumann
October 2, 2025
0

kBMS introduces radiation-tolerant design, redundancy, and enhanced efficiency for mission-critical applications KULR Technology Group (KULR), a Bitcoin+ Treasury company with...

Next Post
trading-chart

Wix Reports Stellar Q1 2024 Results, Anticipates Significant Revenue Growth in 2025

Latest News

Verizon Partners with AST SpaceMobile to Deliver Space-Based Cellular Coverage

Envoy Medical Advances to Final Stage of FDA Trial for Fully Implanted Cochlear Implant

Tech Rally Lifts S&P 500 and Nasdaq as AMD Soars on OpenAI Deal

AMD Soars 25% After Landmark AI Chip Deal With OpenAI

Dragonfly Energy Secures Nevada Tech Hub Funding to Strengthen Lithium Battery Innovation

Based on Your Interest

Rivian Electric Pickup Truck
Auto Manufacturers

Rivian Cuts Delivery Forecast Amid Loss of EV Tax Credits

October 2, 2025
Electrical Equipment

KULR Launches Next-Generation Battery Management System for Space and Defense

October 2, 2025
investing
Auto Manufacturers

Chijet Secures Up to $1 Billion in Expanded Private Placement

October 1, 2025

Recommended

Large-Cap

Nike Surprises Wall Street With Strong Q1 Results

September 30, 2025
Entertainment

Fubo Shareholders Approve Disney Merger With Hulu Live TV

September 30, 2025
Brokerages

Robinhood Surges on Prediction Market Growth

September 30, 2025
Large-Cap

Nike Faces Steep Profit Decline as Q1 Results Loom

September 29, 2025
Biotechnology

Drugmakers Gain as Markets Digest Trump’s Proposed 100% Pharma Tariffs

September 26, 2025
Stoxpo

Follow us on social media:

Highlights

  • Verizon Partners with AST SpaceMobile to Deliver Space-Based Cellular Coverage
  • Envoy Medical Advances to Final Stage of FDA Trial for Fully Implanted Cochlear Implant
  • Tech Rally Lifts S&P 500 and Nasdaq as AMD Soars on OpenAI Deal
  • AMD Soars 25% After Landmark AI Chip Deal With OpenAI
  • Dragonfly Energy Secures Nevada Tech Hub Funding to Strengthen Lithium Battery Innovation

Category

  • Blog
  • Communication Services
    • Entertainment
    • Internet
    • Telecommunications
  • Companies
    • Large-Cap
    • Mega-Cap
    • Micro-Cap
    • Mid-Cap
    • Small-Cap
  • Consumer Cyclical
    • Auto Manufacturers
    • Casinos & Gambling
    • Ground Transportation
    • Hospitality
      • Casinp
      • Resorts & Lodging
      • Restaurants
      • Travel
        • Airlines
    • Retail
    • Textiles, Apparel & Luxury Goods
  • Consumer Defensive
    • Beverages
    • Discount Stores
    • Distributor
    • Ecommerece
    • Electrical Equipment
    • Foods
    • Household & Personal Products
    • Leisure Products
    • Tobacco
  • Contributions
  • Crypto
    • Altcoins
    • Bitcoin
    • Ethereum
  • Economy
  • Energy
    • Electric
    • Oil & Gas
    • Renewables
  • Financial Services
    • Asset Management
    • Banks
    • Brokerages
    • Credit Services
    • Insurance
  • Healthcare
    • Biotechnology
    • Medical Devices
    • Pharmaceuticals
  • Industrials
    • Aerospace & Defense
    • Construction
    • Industrial Machinery
  • Materials
    • Building Materials
    • Chemicals
    • Gold
    • Mining
    • Silver
    • Steel
  • Q&A's
  • Real Estate
  • Technology
    • Artificial Intelligence
    • Computer Hardware
    • Consumer Electronics
    • Cybersecurity
    • IT Services
    • Semiconductors
    • Software
  • Utilities

Latest News

Verizon Partners with AST SpaceMobile to Deliver Space-Based Cellular Coverage

October 8, 2025
chemistry-2

Envoy Medical Advances to Final Stage of FDA Trial for Fully Implanted Cochlear Implant

October 7, 2025
investing

Tech Rally Lifts S&P 500 and Nasdaq as AMD Soars on OpenAI Deal

October 6, 2025
  • About
  • Privacy Policy
  • Contact

© 2024 All Rights Reserved: STOXPO.

This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Read More

In case of sale of your personal information, you may opt out by using the link Do Not Sell My Personal Information

Accept Cookie Settings
Cookies are small text files that can be used by websites to make a user's experience more efficient. The law states that we can store cookies on your device if they are strictly necessary for the operation of this site. For all other types of cookies we need your permission. This site uses different types of cookies. Some cookies are placed by third party services that appear on our pages.
  • Always Active
    Necessary
    Necessary cookies help make a website usable by enabling basic functions like page navigation and access to secure areas of the website. The website cannot function properly without these cookies.
  • Marketing
    Marketing cookies are used to track visitors across websites. The intention is to display ads that are relevant and engaging for the individual user and thereby more valuable for publishers and third party advertisers.
  • Analytics
    Analytics cookies help website owners to understand how visitors interact with websites by collecting and reporting information anonymously.
  • Preferences
    Preference cookies enable a website to remember information that changes the way the website behaves or looks, like your preferred language or the region that you are in.
  • Unclassified
    Unclassified cookies are cookies that we are in the process of classifying, together with the providers of individual cookies.
Cookie Settings

Do you really wish to opt-out?

No Result
View All Result
  • Latest News
  • Healthcare
    • Biotechnology
    • Pharmaceuticals
  • Technology
    • Software
    • Semiconductors
  • Crypto
    • Bitcoin
    • Ethereum
    • Altcoins
  • Companies
    • Micro-Cap
    • Small-Cap
    • Mid-Cap
    • Large-Cap
    • Mega-Cap
  • Q&A’s
  • Contributions

© 2024 All Rights Reserved: STOXPO.