Why Brooklyn ImmunoTherapeutics Stock Crushed It in April
Brooklyn ImmunoTherapeutics (NYSEMKT: BTX), a relative newcomer to the world of publicly traded biotech stocks, saw its shares rip higher in April by a stunning 1,230%, according to data provided by S&P Global Market Intelligence. The stock took flight last month for two related reasons:
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Perhaps the most compelling aspect of this story is the fact that Brooklyn may not have a product approved by the Food and Drug Administration on the market until 2026. The company's lead product candidate is the immunotherapy IRX-2, which won't wrap up late-stage testing for head and neck cancer until 2025.
Source Fool.com
