MBIO - Why Is Penny Stock Mustang Bio Trading Over 190% On Monday? | Benzinga
Penny stock Mustang Bio Inc (NASDAQ:MBIO) shares are trading higher on a strong session volume of 90 million versus an average volume of 3.17 million, as per data from Benzinga Pro.
Mustang was founded by Fortress Biotech Inc (NASDAQ:FBIO).
Monday, the cell therapy-focused company announced that updated data from the ongoing Phase 1/2 trial of MB-106, a CD20-targeted, autologous CAR T-cell therapy, show a favorable safety and efficacy profile in patients with Waldenstrom macroglobulinemia, a rare form of blood cancer.
MB-106 is being developed in a collaboration between Mustang and Fred Hutch Cancer Center to treat patients with relapsed ...