Taysha Gene Therapies to receive $50 M Strategic Investment from Astellas

(24/7 MARKET NEWS) – Taysha Gene Therapies, Inc. (NASDAQ:TSHA) is trading higher on news that Astellas, a Tokyo listed company, plans to invest a total of $50 million to acquire 15% of Taysha Gene to support the development of Taysha’s AAV-based Gene Therapy Programs and receive an exclusive option to obtain an exclusive license for TSHA-102 for Rett syndrome and TSHA-120 for giant axonal neuropathy (GAN).

Taysha Gene Therapies is trading at $2.03, 52 cents higher (+34.44%), on 1.4 million shares.

Its 52-week range is $1.35 to $17.10, with the $2.25 level looking like a key inflection point, if it can break through that resistance, it can begin to challenge weaker resistance points to the $3 level. It also has the feel of one that could pullback before the regular session open and then resume the move.

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