Plus Therapeutics Spurs After-Hours Biotech Rally; Connect Biopharma And Elutia Also Advance
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Biotech stocks saw significant movement in after-hours trading, with Plus Therapeutics, Inc. (PSTV) leading the charge, surging 8.40% to $0.31 after announcing a public offering priced at $0.38 per unit, expected to raise $15 million. Other notable gainers included Connect Biopharma (CNTB) up 5.96%, ABVC BioPharma (ABVC) up 3.37%, and Modular Medical (MODD) up 5.23%. Traws Pharma (TRAW) rose 2.82% following an IND application filing, while Elutia Inc. (ELUT) climbed 6.64% after outlining milestones for its new biomatrix program.
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