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Sio Gene Therapies Announces CSF Reductions in GM1 Ganglioside from Clinical Trial of AXO-AAV-GM1 Gene Therapy

Sio Gene Therapies Announces CSF Reductions in GM1 Ganglioside from Clinical Trial of AXO-AAV-GM1 Gene Therapy
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iShares NASDAQ Biotechnology Index Fund (NASDAQ:IBB), (ABCL) - The Week Ahead In Biotech (May 9-15): Heron, Apellis FDA Decisions, Presentations and Earnings

iShares NASDAQ Biotechnology Index Fund (NASDAQ:IBB), (ABCL) - The Week Ahead In Biotech (May 9-15): Heron, Apellis FDA Decisions, Presentations and Earnings
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(LOKB), (ABUS) - SPACs Attack Recap: Looking Back At 5 SPAC Deals, Rumors And Top Headlines

Last week featured five announced SPAC deals and several rumors. The week also had earnings from several well-known former SPACs. Here is a look back at the .

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Analysts Say Sio Gene Therapies Inc (NASDAQ:SIOX) Can Really Get to $8 in 12 Months

In last trading session, Sio Gene Therapies Inc. (NASDAQ:SIOX) saw 563,596 shares changing hands with its beta currently measuring 1.72. Company’s recent per share price level of $2.67 trading at $0.19 or 7.66% at ring of the bell on the day assigns it a market valuation of $156.86 Million. That closing price of SIOX’s stock is at a discount of -114.98% from its 52-week high price of $5.74 and is indicating a premium of 30.34% from its 52-week low price of $1.86. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 834.2 Million shares which gives us an average trading volume of 1.58 Million if we extend that period to 3-months.

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(MAAC), (ABUS) - Roivant Sciences Gets SPAC Deal: What To Expect From This BioPharma, Health Technology Company

Share: A drug discovery company with ownership stakes in several public and private biopharmaceutical companies is going public with a SPAC deal announced Monday morning. The SPAC Deal: Roviant Sciences announced a SPAC deal with Montes Archimedes Acquisition Corp (NASDAQ: MAAC). The deal values the company at an enterprise value of $5 billion. A $200 million PIPE is backed by companies including Softbank Group Corp., Fidelity Management & Research Co., Sumitomo Dainippon Pharma and Palantir Technologies Inc (NYSE: PLTR). Shares of the new company will trade as ROIV on the Nasdaq with an anticipated closing date in the third quarter. A percentage of current ownership shares will have a three-year lock-up and earn-outs based on $15 and $20 price points. Current Montes Archimedes acquisition shareholders will own 5.6% of the company after the merger.

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