LAVA Therapeutics blasts off on License Agreement Announcement

(24/7 MARKET NEWS)– LAVA Therapeutics N.V. (NASDAQ:LVTX) is way up on news that it entered into an exclusive worldwide license agreement, with Seagen Inc. (NASDAQ:SGEN), to advance LAVA-1223.

The two companies stated that “LAVA to Receive Upfront Payment of $50 Million, With Potential for Milestones of up to Approximately $650 Million and Royalties”

After closing Friday’s session at $2.40, a 4-cent gain (+1.52%), on volume of 5,549 shares traded, LAVA Therapeutics is trading at $5.16, up $2.76 (+115.00%), on over 2 million premarket shares.

LAVA’s 52 week range is $2.28 to $8.38 and it’s challenging resistance from January and February.

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