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Wednesday, May 25, 2022

Here’s why Statera Biopharma, Inc. (STAB) Shares are Rising in Early Trading

Statera Biopharma, Inc. (STAB) is a leading biotherapeutics developer of innovative immunotherapeutics against autoimmune, emerging viruses, and cancers along with the restoration of homeostasis. Its shares surged by 19.37% as of the writing at $0.34 at the commencement of Wednesday’s trading session.


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STAB: Recent Developments

Coeptis Therapeutics, Inc. announced on April 13, its entry into a strategic contract with STAB that gives COEP the rights of the acquisition of STAB’s toll-like receptor 5 agonist portfolio, along with entolimod, which is a pipeline product under development for treating acute radiation syndrome. The commencement of the transaction is dependent upon both parties’ negotiation of a definitive contract and fulfillment of closing conditions.

STAB: Industry Outlook

Almost all the stocks have done poorly during 2022, but biotech stocks did their worst as S&P 500 dropped by 6.1% during the period. Analysts predict that the biotech industry as a whole has not had much good news which resulted in losses specifically in the small and mid-cap sectors. Experts stated that not a single stock in the biotechnology industry having over $500 million market cap has jumped 15% in a single day in 2022 responding to hopeful trial data. When these biotech stocks are compared with the same period in 2021 or 2020, 26 and 30 single-day moves were recorded respectively.

STAB: Company Outlook

According to the analysts, STAB stock is at the bottom of the healthcare industry as it received an overall ranking of 3 in the sector. The number of shares of the company traded today is 11.4 million shares versus an average volume of 3.98 million shares. The company also announced the closure of its $5.7 million underwritten public offering of 12.5 million units in late March.

Conclusion

STAB dropped by up to 90% in the last six months due to inflationary pressures and other reasons. In today’s trading session, investors are responding optimistically to COEP’s announcement about its entry into a strategic collaboration for entolimod.

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