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ALXN - Fortress Bio up 59% premarket on Caelum deal with Alexion
Alexion Pharmaceuticals Inc.
Nano cap Fortress Biotech (NASDAQ:FBIO) is up 59% premarket on average volume in response to a collaboration agreement between Caelum Biosciences, founded by FBIO, and Alexion Pharmaceuticals (NASDAQ:ALXN) to develop CAEL-101, an amyloid fibril-targeted therapy for a rare disorder called light chain amyloidosis that leads to heart and kidney damage.
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