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The substantial surge in stock price indicates strong market optimism. Historical examples include Biotech acquisitions leading to significant price jumps.
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Q32 Bio sold ADX-097 to Akebia Therapeutics for $12 million. The deal could yield up to $592 million in future milestones. Q32 Bio stocks surged by 115.07% following the announcement. ADX-097 is aimed at treating various diseases linked to C3d deposition. Cash reserves expected to fund operations through late 2027.
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