Streetbeat News

INBX

Inhibrx Biosciences, Inc.

https://inhibrx.com

Industry

Biotechnology

Inhibrx Biosciences, Inc., a clinical-stage biopharmaceutical company, engages in the development of biologic therapeutics for people with life-threatening conditions. Its therapeutic candidates includes INBRX-109, a tetravalent therapeutic candidate targeting death-receptor 5 that is in phase 2 clinical trial for the treatment of unresectable or metastatic conventional chondrosarcoma; and INBRX-106, a hexavalent sdAb-based therapeutic candidate targeting OX4 that is in phase 2 clinical trial for the treatment of metastatic solid tumor, non-small cell lung cancer, melanoma, head and neck cancer, gastric (GIST) and gastroesophageal adenocarcinoma (GEA) cancer, renal cell carcinoma, and urothelial (transitional) cell carcinoma. The company was incorporated in 2024 and is based in La Jolla, California.

Open

13.53

Mkt cap

191M

Volume

16K

High

13.35

P/E Ratio

0.11

52-wk high

18.95

Low

13.06

Div yield

0.06

52-wk low

10.80

Inhibrx Biosciences' recent 13G filing reveals that Viking Global Investors LP has reported a 12.3% stake in the company as of May 29, 2024, according to an SEC filing.

Portfolio Pulse from Benzinga Newsdesk

June 07, 2024 | 8:29 pm

The article highlights four oversold health care stocks with RSI values near or below 30, indicating potential buying opportunities. The stocks mentioned are Inhibrx Biosciences (INBX), Exact Sciences (EXAS), Teladoc Health (TDOC), and Agilent Technologies (A).

Portfolio Pulse from Avi Kapoor

June 05, 2024 | 11:46 am

Trading for INBX was halted and then resumed at 8:40:00 AM ET. The halt was due to pending news, and trading has now resumed.

Portfolio Pulse from Benzinga Newsdesk

May 31, 2024 | 12:40 pm

Inhibrx has approved the sale of its drug INBRX-101 to Sanofi. Additionally, Sanofi will acquire all outstanding shares of Inhibrx through a merger, with each Inhibrx stockholder receiving $30 per share.

Portfolio Pulse from Benzinga Newsdesk

May 24, 2024 | 8:04 pm

Inhibrx (NASDAQ:INBX) reported Q4 2023 GAAP EPS of $(1.73), missing the $(1.04) estimate, but sales of $1.63M exceeded the $50.00K estimate, marking a 496.35% increase from the previous year.

Portfolio Pulse from Benzinga Newsdesk

February 28, 2024 | 2:21 pm

Inhibrx, Inc. (INBX) shares have risen following the announcement of the sale of their asset INBRX-101 to Sanofi for a potential total of $2.2 billion.

Portfolio Pulse from Benzinga Newsdesk

January 23, 2024 | 5:06 pm

Sanofi SA (NASDAQ:SNY) is set to acquire Inhibrx Inc's (NASDAQ:INBX) INBRX-101, a therapy for alpha-1 antitrypsin deficiency, for approximately $2.2 billion. The deal includes a merger where Sanofi will buy Inhibrx shares at $30 each, plus a contingent value right of $5 per share, and Inhibrx shareholders will receive one share of the new entity, Inhibrx Biosciences Inc, for every four shares held. Sanofi will also assume Inhibrx's debt and invest $200 million in the new company, retaining an 8% equity interest. The transaction is expected to close in Q2 of 2024. Inhibrx shares rose 2.04% to $34.01, while Sanofi shares fell 0.65% to $50.50 in premarket trading.

Portfolio Pulse from Vandana Singh

January 23, 2024 | 1:00 pm

JMP Securities analyst Reni Benjamin has downgraded Inhibrx (NASDAQ:INBX) from Market Outperform to Market Perform, indicating a change in the firm's outlook on the stock.

Portfolio Pulse from Benzinga Newsdesk

January 23, 2024 | 9:34 am

Inhibrx, Inc. has agreed to sell its INBRX-101 assets to Sanofi for up to $2.2 billion. Shareholders of Inhibrx will receive $30 per share in cash, a $5 contingent value right (CVR), and 0.25 shares of a new entity, New Inhibrx, which will hold all non-101 assets and liabilities. Sanofi will also pay off Inhibrx's debt and invest $200 million in New Inhibrx. The deal includes the acquisition of INBRX-101, an AAT augmentation therapy, by Sanofi's subsidiary Aventis Inc.

Portfolio Pulse from Benzinga Newsdesk

January 23, 2024 | 6:09 am

JMP Securities analyst Reni Benjamin has reiterated a 'Market Outperform' rating on Inhibrx (NASDAQ:INBX) and maintained a price target of $27.

Portfolio Pulse from Benzinga Newsdesk

November 20, 2023 | 2:19 pm

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