Decoy Therapeutics Inc.Decoy Therapeutics jumped over 70% on a private placement financing of up to $21 million.
Universe Pharmaceuticals led biotech gainers Monday, soaring more than 300% after announcing a strategic acquisition to expand its pharmaceutical patent portfolio. The company agreed to acquire 100% of Best Praise International Limited, which holds five Chinese patents covering elderly healthcare, cognitive health, cardiovascular applications, antibacterial compounds, and drug delivery technologies, for US$10.75 million payable in 4,376,552 Class A ordinary shares. The deal is expected to close in the third quarter of 2026, and UPC closed at $12.18, up 311.49%. Other notable movers included Decoy Therapeutics, which jumped over 70% on a private placement financing of up to $21 million, and QuidelOrtho, up over 30% on reports it is exploring the sale of its point-of-care testing business for approximately $1.5 billion. SELLAS Life Sciences gained more than 24% as its Phase 3 REGAL trial of GPS in acute myeloid leukemia nears its final analysis, with 78 of the required 80 events reported as of May 11, 2026.
Decoy Therapeutics Inc.Decoy Therapeutics jumped over 70% on a private placement financing of up to $21 million.
Quidel CorporationQuidelOrtho up over 30% on reports it is exploring the sale of its point-of-care testing business for approximately $1.5 billion.
Sellas Life Sciences Group IncSELLAS Life Sciences gained more than 24% as its Phase 3 REGAL trial of GPS in acute myeloid leukemia nears its final analysis.
Tvardi Therapeutics, Inc.
Universe Pharmaceuticals IncUniverse Pharmaceuticals soared over 300% after announcing acquisition of patent portfolio covering elderly healthcare, cognitive health, etc.
NOV Inc.Best Praise International Limited is being acquired by Universe Pharmaceuticals for $10.75 million in shares.