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Stock Alert: Immunovant Spikes On Results Of Its IMVT-1401

Shares of clinical-stage biopharmaceutical company Immunovant, Inc. (IMVT) are climbing more than 11% Monday morning after the company announced positive results from its ongoing phase II Proof-of-Concept Study of its lead drug candidate, IMVT-1401, proposed for the treatment of Thyroid Eye disease.

IMVT is currently trading at $15.04. It has traded in the range of $8.34- $18.69 in the past one week.

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