Trubion Pharmaceuticals (TRBN) Up Over 60%

August 28, 2009 · Filed Under R&D 

Trubion Pharmaceuticals (TRBN) is up 63% to $6.43, a 52-week high. The move may be a little much for the microcap.

The company and Facet Biotech (FACT) announced an agreement for the joint worldwide development and commercialization of TRU-016, a product candidate in phase 1 clinical development for chronic lymphocytic leukemia (CLL).

Not very substantial news for such a big run

Douglas A. McIntyre

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