Biotech Stocks Surge in After-Hours Trading Following Trial Advancements and Important Announcements
Phio Pharmaceuticals Corp.: The stock surged 8.9% after receiving a positive safety recommendation for its PH-762 skin cancer trial, alongside a manufacturing agreement and participation in industry conferences.
Barinthus Biotherapeutics plc: The company saw an 8.11% increase in after-hours trading, driven by renewed interest in its immunotherapeutic candidates for celiac disease and chronic hepatitis B.
Neogen Corp.: The stock rebounded 5.59% following the announcement of its upcoming earnings release and a sponsorship agreement with US Equestrian, amidst ongoing restructuring efforts.
RAPT Therapeutics, Inc.: The stock climbed 4.43% after the FDA cleared its IND application for RPT904, allowing a Phase 2b trial for food allergies, while also gaining attention for its other clinical candidates.
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- Acquisition Completed: GSK announced on Tuesday that it has successfully completed the acquisition of clinical-stage RAPT Therapeutics, which will enhance GSK's research capabilities in biopharmaceuticals and further expand its innovative drug portfolio.
- Strategic Importance: This acquisition allows GSK to gain access to RAPT's unique therapeutic platform, accelerating product development in immuno-oncology and other key areas, thereby enhancing its competitive position in the market.
- Financial Impact: While specific financial terms of the transaction have not been disclosed, it is expected to positively influence GSK's long-term growth prospects, particularly in the context of the rapidly growing biopharmaceutical market.
- Market Reaction: The market has reacted positively to GSK's acquisition, viewing it as a strategic move that will help the company secure a more advantageous position in future drug development, further solidifying its leadership in the industry.
- New Position Disclosure: Great Point Partners disclosed a new position in RAPT Therapeutics, acquiring 581,187 shares in Q4 2026, reflecting strong confidence in the company with a stake valued at $19.68 million, accounting for 6.38% of its assets under management.
- Price Surge: As of February 17, 2026, RAPT Therapeutics' shares were priced at $57.84, skyrocketing 502.5% over the past year, significantly outperforming the S&P 500's 13% gain, indicating high market recognition of its potential therapies.
- Financial Overview: Despite a net loss of $105.64 million over the past year, RAPT holds $157.3 million in cash and marketable securities, demonstrating ongoing investment in R&D and financial stability.
- Strategic Acquisition Impact: GSK's acquisition of RAPT for $58 per share, totaling approximately $2.2 billion, highlights strong market interest in biotech, providing investors with potential high-return opportunities.
- Acquisition Deal: GSK plc has agreed to acquire Canada-based clinical-stage biopharmaceutical company 35Pharma for $950 million, aiming to enhance its competitive edge in novel protein therapeutics, particularly in treating pulmonary arterial hypertension (PAH) and pulmonary hypertension due to heart failure (PH-HFpEF).
- Clinical Advancement: The acquisition includes HS235, an investigational drug that has completed phase 1 trials in healthy volunteers, with studies set to commence imminently for PAH, indicating significant market potential as the global pulmonary hypertension therapy market is projected to reach $18 billion by 2032.
- Market Outlook: HS235 targets the activin receptor signaling pathway, expected to capture 50% of the pulmonary hypertension treatment market, and its design enhances selectivity, reducing binding to ligands associated with adverse events, showcasing its differentiated clinical application.
- Licensing Agreement: GSK has also entered into a deal with Frontier Biotechnologies, which will receive $40 million upfront and up to $963 million in milestone payments, responsible for advancing two investigational assets, while GSK will handle subsequent global clinical development and commercialization activities.
- Shareholder Rights Investigation: Halper Sadeh LLC is investigating RAPT Therapeutics, Inc.'s sale to GSK plc for $58.00 per share, raising concerns about potential violations of shareholder rights and encouraging shareholders to understand their options.
- Merger Transaction Review: The merger between Contango ORE, Inc. and Dolly Varden Silver Corporation will result in Contango shareholders owning approximately 50% of the combined entity, prompting Halper Sadeh LLC to assess whether this transaction serves the best interests of shareholders.
- Shareholder Equity Protection: Tamboran Resources Corporation's merger with Falcon Oil & Gas Ltd. will allow Tamboran shareholders to hold 73.2% of the combined company, with Halper Sadeh LLC urging shareholders to be aware of potential equity losses.
- Legal Support Services: Amicus Therapeutics, Inc. is being sold to BioMarin Pharmaceutical Inc. for $14.50 per share, and Halper Sadeh LLC offers no-cost legal consultations to assist shareholders in protecting their rights.
- Shareholder Recovery Investigation: Monteverde & Associates is investigating RAPT Therapeutics, Inc.'s sale to GSK plc, with RAPT shareholders expected to receive $58.00 per share in cash, which could significantly enhance shareholder returns and bolster investor confidence.
- Amicus Transaction Update: In the proposed sale of Amicus Therapeutics, Inc. to BioMarin Pharmaceutical Inc., Amicus shareholders are anticipated to receive $14.50 per share in cash, with a shareholder vote scheduled for March 3, 2026, potentially impacting the company's future market performance.
- Merger Voting Arrangement: Tamboran Resources Corporation's merger with Falcon Oil & Gas Ltd. will result in Tamboran shareholders owning 73.2% of the combined entity, with a shareholder vote set for March 4, 2026, indicating the company's strategic positioning in industry consolidation.
- Contango Merger Details: The merger between Contango Ore, Inc. and Dolly Varden Silver Corporation will allow Contango shareholders to own 50% of the combined company, with a shareholder vote scheduled for March 17, 2026, which may present new growth opportunities for shareholders.
- Shareholder Rights Investigation: Halper Sadeh LLC is investigating RAPT Therapeutics, Inc.'s sale to GSK plc for $58.00 per share, which may involve violations of shareholder rights, prompting shareholders to understand their rights and options.
- Merger Transaction Review: Allegiant Travel Company's merger with Sun Country Airlines will result in Allegiant shareholders owning approximately 67% of the combined company, with Halper Sadeh LLC assessing the fairness of the transaction and its impact on shareholders.
- Cash Acquisition Analysis: Lisata Therapeutics, Inc. is being sold to Kuva Labs, Inc. for $4.00 per share in cash plus two non-tradeable contingent value rights, raising concerns from Halper Sadeh LLC about whether this transaction serves the best interests of shareholders.
- Equity Distribution in Merger: The merger between Mission Produce, Inc. and Calavo Growers, Inc. is expected to result in Mission shareholders owning approximately 80.3% of the combined entity, with Halper Sadeh LLC investigating the potential implications and protections for shareholder rights.









