**This article was originally published for ROTY subscribers on June 5th, but has been updated where necessary. Despite recent share price appreciation, the story remains in early innings with substantial upside potential ahead as multiple data readouts loom later this year, particularly for AGEN1181.
Shares of Agenus (AGEN) have been disappointing investors for quite some time, losing over 40% of their value over the past five years. During the past three years the stock sports a gain of 20%, while after the recent bounce 2020 performance is just 6%.
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