Why Is AC Immune (ACIU) Stock Up 45% Today?


  • AC Immune (ACIU) stock is up on Monday alongside a collaboration agreement.
  • This is with Takeda Pharmaceutical (TAK) and includes a $100 million upfront payment.
  • It also includes other potential payments of up to $2.1 billion.
ACIU Stock - Why Is AC Immune (ACIU) Stock Up 45% Today?

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AC Immune (NASDAQ:ACIU) stock is heading higher on Monday alongside the clinical-stage biopharmaceutical company’s earnings report for the first quarter of 2024.

Included in that earnings report is an operational update that covers a new collaboration agreement with Takeda Pharmaceutical (NYSE:TAK). This has Takeda Pharmaceutical signing a licensing agreement for AC Immune’s ACI-24.060.

This agreement includes an upfront payment of $100 million to AC Immune. It also covers potential payments of up to $2.1 billion from option exercise and milestones.

Dr. Andrea Pfeifer, CEO of AC Immune, said the following about the agreement with Takeda Pharmaceutical:

“This landmark collaboration furthers our aim of pioneering Precision Prevention, establishing a powerful force in the neuroscience space that combines the neuroscience knowledge and expertise of AC Immune with the development and commercial experience of Takeda.”

What’s Next for ACIU Stock?

AC Immune stock could see further gains as the company reports results from its ongoing Phase 2 clinical trial of ACI-24.060. The company is set to report its first data from its trial this month. Further data from the trial will be ready in the second half of 2024.

ACIU stock is up 45% as of Monday morning, with more than 6.6 million shares traded. That’s already well above the company’s daily average trading volume of about 185,000 shares.

Investors will want to keep reading for even more of the most recent stock market stories today!

We have all of the hottest stock market news traders need to know about on Monday! Among that is what has shares of Tevogen Bio (NASDAQ:TVGN) stock up, the biggest pre-market stock movers this morning and more. All of this info is ready to go at the links below!

More Stock Market News for Monday

On the date of publication, William White did not have (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines.

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