NantKwest Inc Stock (NYSE: NK) Soars While Trading Volume Multiplied By 22 Times

One of the most attention paid and demanded stock of COVID-19’s pandemic, NantKwest finds its NYSE: NK stock soaring since the pandemic lockdown. Mid-term strategy perfectly suits NK since weekly positive changes are seriously significant. In one day NK rose by 39.08% or $2.13 added to the value.

According to NK’s press release on the 14th of April, in collaboration with the group’s subsidiaries, it will start developing vaccines and immune therapeutic care on victims with coronavirus. This means they will all take new debts of issue shares to countermeasure the pandemic. As normal, NantKwest cant temporarily self sustain since it fully depends on external fundraising.

Company’s Background

NantKwest is an innovative clinical-stage immunotherapy company focused on harnessing the power of the innate immune system by using the natural killer cell to treat cancer, infectious diseases and inflammatory diseases.

NantKwest is uniquely positioned to implement precision cancer medicine, with the potential to change the current paradigm of cancer care. Natural Killer cells are ancient cells in the human body designed to recognize and detect cells under stress or infected. The NantKwest “off-the-shelf” activated Natural Killer (NK) platform is designed to destroy cancer and virally infected cells from the body. The safety of our NK cells as well as their activity against a broad range of cancers have been tested in multiple phase 1 clinical trials in the United States, Canada and Europe. In addition to our NK cells capability to be administered in the outpatient setting as an “off-the-shelf” living drug, it serves as a universal cell-based therapy without need for individualized patient matching. Moreover, our NK cell based platform has been bioengineered to incorporate chimeric antigen receptors (CARs) and antibody receptors to potentially further optimize targeting and potency in the therapeutic disease.

Alex Krakowsky

Editor in Chief. Living in the era of dynamic tech change Alex decided to stay tuned in changes that make any person find comfort and adapt to new devices. Furthermore, gaming became his passion for spending leisure time with his close ones. Although, he has a degree in Business Administration (majoring in Finance) writing for technology and as well as finance has been one of the precious aspects of his life