Quince Therapeutics Completes Legacy Protease Inhibitor Portfolio Sale

January 27, 2023

(24/7 MARKET NEWS) – Quince Therapeutics, Inc. (Nasdaq:QNCX) reported, this morning, the sale of its legacy small molecule protease inhibitor portfolio, pursuant to an asset purchase agreement with Lighthouse Pharmaceuticals, which was co-founded by Casey Lynch, former CEO of Quince’s predecessor company Cortexyme.

Quince Therapeutics is trading at $1.24, up $0.432 (+53.47%), on 2 million shares traded.

Its 52-week range is $0.5401 to $7.28. It’s blown through multiple months of resistance and if can trade above the $1.50 level, on strong volume, it could try to challenge the $2+ trading level.

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