Brooklyn ImmunoTherapeutics (NYSEAMERICAN:BTX), which is involved in the development of treatments for rare diseases and cancers, has been in the middle of considerable changes in recent times.
The main clinical program that Brooklyn is working on is IRX 2, which is involved with the development of treatments for head and neck cancers. The stock experienced a massive rally recently and went from $3.75 a share on April 1 to $80.67 on May 3. However, since then it has corrected sharply as well.
It is important to note that around a year ago, the Brooklyn stock was trading at just over $2 a share. Recently, the stock has been in considerable focus among investors and also among investors from Reddit community WallStreetBets after it signed exclusive license agreements with Novellus Therapeutics and Factor Bioscience. Recently the company also announced Howard J. Federoff as its new Chief Executive Officer and that could also prove to be a positive trigger for the stock.
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