Janux Therapeutics Shares Climb 45% This Week on Deal Speculation
$Janux Therapeutics(JANX.US$ shares climbed for a fifth straight session, poised for a 45% gain this week, after Bloomberg reported that the drugmaker is exploring options, including a potential sale, after receiving takeover interest from larger pharmaceutical companies.
The company, which develops tumor-activated immunotherapies to treat cancer, is working with a financial adviser to evaluate possibilities including a sale, Bloomberg reported midweek, citing people familiar with the matter, who asked not to be identified discussing confidential information.
Discussions are ongoing and there is no guarantee that a deal can be reached, according to the report. The company didn't immediately respond to Bloomberg emails or calls seeking comment.
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