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Adagio Therapeutics extends 3-day gain to 319% on hopes that its antiviral can treat the Omicron variant

1 month ago   |   By Business Insider

A stock trader claps at the end of trade at the New York Stock Exchange. EMMANUEL DUNAND/AFP via Getty Images Adagio Therapeutics stock is up as much as 319% since the Omicron variant of COVID-19 was identified last week. Adagio said it believes its antibody drug candidate, ADG20, will be effective against the new strain. The company is anticipating emergency use authorization for its drug in the second half of 2022. Adagio Therapeutics stock soared as much as 68% on Tuesday, extending its three-day gain to a high of 319% as investors bet that its antiviral drug candidate, ADG20, will...
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