Shares of IO Biotech, Inc. (IOBT) are up more than 21% on Friday at $10.05.
There have been no company-specific news reported that could drive the stock up.
The Denmark based clinical-stage biopharmaceutical company is into developing anti-cancer therapies.
The stock has traded in the range of $6.75- $17.88 since its debut on the Nasdaq last month at an opening price of $16.
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Business News
May 08, 2026 15:50 ET Manufacturing and services sector survey results and labor market data from main economies were the highlight on the economics news front this week. Factory orders and jobs report dominated the news flow in the U.S. Similarly, industrial production data from German garnered attention in Europe. In Asia, purchasing managers’ survey results from China and the central bank decision from Australia were in focus.