Dare Bioscience shares are trading higher after the XOMA acquired an economic interest in the company's women's health assets. Also, the company announced that the transaction allows it to focus on advancing Phase 3 first-in-category women's health product candidates.
Portfolio Pulse from Benzinga Newsdesk
Dare Bioscience shares surged following the announcement that XOMA has acquired an economic interest in its women's health assets. This deal enables Dare Bioscience to concentrate on progressing its Phase 3 women's health product candidates.
April 30, 2024 | 11:47 am
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Dare Bioscience's stock price increased following the news of XOMA acquiring an economic interest in its women's health assets, highlighting investor optimism.
The acquisition by XOMA is seen as a positive development for Dare Bioscience, as it not only provides financial backing but also allows the company to concentrate resources on advancing its Phase 3 product candidates in women's health. This strategic focus is likely to be viewed favorably by investors, potentially leading to a short-term increase in stock price.
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