Shares of Sensei Biotherapeutics, Inc. (SNSE) surged sharply on Wednesday morning after the company announced the acquisition of Faeth Therapeutics alongside a $200 million private placement to fund pipeline development.
The stock is currently trading at $23.47, up $14.34 or 157.06%, on the Nasdaq. The stock opened at $27.91 after closing Tuesday at $9.13. The stock has traded between $5.00 and $31.94 in the past 52-week period.
Sensei said it will acquire Faeth Therapeutics, adding lead asset PIKTOR, an investigational oral therapy targeting the PI3K/AKT/mTOR pathway for solid tumors, including endometrial and breast cancer. The deal positions the combined company to advance multiple clinical milestones through 2026.
Further, the company said it secured $200 million in proceeds through a private placement backed by several major life sciences investors. The funding is expected to support Phase 2 and Phase 1b trials and general corporate purposes.
For comments and feedback contact: editorial@rttnews.com
Business News
April 10, 2026 16:21 ET Inflation data from the U.S. was the main data event this week as the conflict in the Middle East continue. The minutes of the latest Fed policy session and the survey data on the services sector also made headlines. In Europe, manufacturing orders data from Germany was in focus. Price data from China drew attention in Asia.