WINT - Why Is Windtree Therapeutics (WINT) Stock Up 50%?
InvestorPlace - Stock Market News, Stock Advice & Trading Tips
Windtree Therapeutics (NASDAQ:WINT) is one of the biggest stock movers on Tuesday after announcing a new global licensing agreement for AEROSURF.
AEROSURF is the company’s treatment for preterm infants with respiratory distress syndrome and may have other applications. The agreement is signed is with Lee’s Pharmaceutical as well as its affiliate Zhaoke Pharmaceutical.
The license agreement allows for the development and commercialization of AEROSURF for any potential indications and applications. This will have the two handling all the funding for the development and sale of the treatment.
Windtree Therapeutics benefits from this thanks to milestone payments and potential royalty payments included in the license agreement. This allows it to receive up to $78.9 million in milestone payments, as well as double-digit royalty payments.
Craig Fraser, president and CEO of Windtree Therapeutics, said the following in a news release.
‘The out-licensing of the KL4 platform supports our portfolio prioritization and increases non-dilutive resources to progressing istaroxime on the significant opportunity in the major markets of cardiogenic shock and heart failure where recent positive data has created what we believe could be a relatively fast and less expensive developmental pathway in cardiogenic shock.”
Today’s news brings with it heavy trading of WINT stock. As of this writing, more than 52 million shares of the stock have changed hands. That’s a jump from its daily average trading volume of about 229,000 shares.
WINT stock is up 47.3% as of Tuesday afternoon.
There’s more hot stock news worth diving into below!
InvestorPlace has all of that news ready to go for traders! That includes why shares of AMC Entertainment (NYSE:AMC), Helius Medical (NASDAQ:HSDT), and Twitter (NYSE:TWTR) stock are moving today. You can find out more at the links below!
More Tuesday Stock Market News
- MoviePass Is Coming Back to Theaters. What Does That Mean for AMC Stock?
- What Is Going on With Helius Medical (HSDT) Stock Today?
- Twitter Whistleblower Sinks TWTR Stock
On the date of publication, William White did not have (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines.
More From InvestorPlace
- Buy This $5 Stock BEFORE This Apple Project Goes Live
- The Best $1 Investment You Can Make Today
- Early Bitcoin Millionaire Reveals His Next Big Crypto Trade “On Air”
- It doesn’t matter if you have $500 or $5 million. Do this now.
The post Why Is Windtree Therapeutics (WINT) Stock Up 50%? appeared first on InvestorPlace.