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Wednesday, July 1, 2020

Applied Genetic Tech up 9% on potential takeover interest

Thinly traded micro cap Applied Genetic Technologies (AGTC +8.5%) perks up on 33% higher volume, albeit on turnover of only 468K shares, in apparent response to a note from Roth Capital Partners that Sanofi (SNY +0.5%) may have an interest in the Florida-based biotech.
The company’s pipeline includes programs in achromatopsia (color blindness), X-linked retinitis pigmentosa, optogenetics, age-related macular degeneration and non-syndromic (not associated with other signs/symptoms) hearing loss/deafness.

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