Shares of Silverback Therapeutics, Inc. (NASDAQ:SBTX – Get Free Report) traded up 3.3% on Friday. The stock traded as high as $4.3550 and last traded at $4.32. Approximately 1,787,746 shares changed hands during trading, an increase of 429% from the average session volume of 337,931 shares. The stock had previously closed at $4.18.
Silverback Therapeutics Stock Up 3.3%
The firm has a 50 day moving average of $4.84 and a two-hundred day moving average of $6.86. The firm has a market capitalization of $155.77 million, a price-to-earnings ratio of -1.79 and a beta of 0.60.
About Silverback Therapeutics
Silverback Therapeutics, Inc was a clinical-stage biopharmaceutical company focused on developing targeted medicines for cancer and other serious diseases. The company’s research centered on its ImmunoTAC platform, which was designed to use antibody-based targeting to deliver immune-modulating payloads to specific tissues and disease sites.
Silverback developed a pipeline of investigational programs intended to address conditions involving the immune system, including oncology and fibrotic diseases.
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