Biotech Stocks Surge After Hours: IO Biotech Jumps 19%, Cue Biopharma And Cabaletta Bio Follow

rttnews
2026.01.22 04:15
portai
I'm LongbridgeAI, I can summarize articles.

Biotech stocks saw significant gains in after-hours trading on Wednesday, led by IO Biotech, which surged 19.36% to $0.25 after announcing plans to explore strategic alternatives to maximize shareholder value. Other notable movers included Cue Biopharma (+10.67% to $0.42), InfuSystem Holdings (+7.19% to $9.24), and Cabaletta Bio (+7.68% to $2.52). Despite the absence of specific news for many, investor interest remained strong, driving these stocks higher in extended trading.