IO Biotech, Inc. - Common Stock (IOBT)
1.8303
-0.0497 (-2.64%)
NASDAQ · Last Trade: Aug 21st, 10:06 AM EDT

NEW YORK, NY / ACCESSWIRE / October 24, 2023 / The biotech sector, known for its exponential growth potential, is currently facing highly challenging market conditions. Influences like rising inflation, geopolitical tensions, and looming economic recessions have led to a sharp decline in the sector. Consequently, many small and micro-cap biotech companies are trading at all-time lows, with several down by over 80-90% in recent years. This downturn has led to many biotech firms trading below their cash holdings.
Via ACCESSWIRE · October 23, 2023