iBio Introduces MUC16 as its Latest Immune-Oncology Target Program

(24/7 MARKET NEWS) –  iBio, Inc. (NASDAQ:IBIO) disclosed, after yesterday’s market close, that MUC16 potentially offers a differentiated and effective tool in the fight against cancer and is the target of its latest immune-oncology program.

iBio is at $1.65, up $0.8998 (+119.94%), on trading volume of 2 million premarket shares.

Its 52-week trading range is $0.36 to $16.51. It’s cleared all of its recent resistance levels and looks like it wants to continue to run. If it can break through this morning’s $2.06 premarket high, on massive volume,it’s setup is ideal for a run to the $8 range, but that run is very unlikely to happen today.

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