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Signal Genetics jumps out the gate, shares up 66%

Published 11/18/2016, 10:00 AM
Signal Genetics jumps out the gate, shares up 66%
VRDN
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  • Thinly traded nano cap Signal Genetics (SGNL +66.3%) rockets up on a 17x surge in volume, albeit on turnover of only 215K shares.
  • A merger with miRagen Therapeutics was announced at the end of October. The combined clinical-stage firm will focus its development efforts on micro RNA-targeting therapeutics. Its beginning cash balance should be more than $50M.


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