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AVRO Yes, it is. Impressive pop yesterday, too.
holding up well unlike my DRMA.........
AVRO "This transaction strengthens AVROBIO's balance sheet, focuses our pipeline strategy and is a strong endorsement of our HSC gene therapy approach and plato® gene therapy platform," AVRO's chief executive Erik Ostrowski remarked.
AVRO Avrobio Stock Jumps On Sale Of Gene Therapy Program To Novartis
BENZINGA
3:58 PM ET May-22-2023
Shares of clinical-stage gene therapy company AVROBIO, Inc. (NASDAQ:AVRO) are trading higher Monday due to its agreement to sell its investigational hematopoietic stem cell (HSC) gene therapy program for the treatment of cystinosis to Novartis AG (NYSE:NVS).
The Details: Avrobio agreed to sell the program to Novartis for $87.5 million in cash. The gene therapy company will retain full rights to its portfolio of first-in-class HSC gene therapies for Gaucher disease type 1 and type 3, Hunter syndrome and Pompe disease. (con't)
1.48 now. congrats.
good for swing
* * $AVRO Video Chart 07-15-2019 * *
Link to Video - click here to watch the technical chart video
Great job Prado!!!
Pretty interesting PR from the AVRO website vegas. Looks like they merged together with 3 other companies and now have some serious money guys involved.
http://www.averionintl.com/uploadedFiles/News_and_Events/Press_Releases/Averion%20Merger%20Press%20Release_Ltrh_9Sept2010.pdf
I also copied this clip from the company website:
"Today, Averion is a leading CRO with a 25+ year history in supporting clinical trials for its clients. The Company now has over 400 professionals working in 14 countries."
http://www.averionintl.com/
No news. I wonder if they're truly bagholders?
Evidently a quick P&D. Ran to .022 and right back to .005. Many new bagholders here.
So what will become of AVNO?
TODAY ONLY
If you buy 20499 shares of AVNO you will get a cash out of .01 per share. If you buy at .006, you will make about $70.
Warning: Some brokers will charge you between $5 and $20 for the dividend/corporate action.
People with over 20500 will not receive a cash out. They will keep their shares.
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