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Friday, April 3, 2020

XBiotech up 23% after hours on Covid-19 convalescent plasma program

XBiotech (NASDAQ:XBIT) will collaborate with non-profit BioBridge Global in an FDA program to collect and distribute convalescent plasma from people who have recovered from COVID-19 infection.
The company has developed a clinical test that BioBridge Global subsidiary QualTex Laboratories will use to identify natural antibodies to SARS-CoV-2 in donated plasma.
South Texas Blood & Tissue Center, another BioBridge subsidiary, will collect the plasma and will provide blood samples to XBIT for use in developing a True Human antibody therapy for the infection.
Shares up 23% after hours.
https://seekingalpha.com/news/3558392-xbiotech-up-23-after-hours-on-convalescent-plasma-program-for-covidminus-19

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