Dare Bioscience stock rockets after new $49 million grant from Bill & Melinda Gates Foundation

3 weeks ago 10

Shares of Dare Bioscience Inc. DARE, -3.80% rocketed 63.1% successful precise progressive premarket trading Wednesday, aft the California-based wellness attraction institution said it was awarded a caller assistance of up to $48.95 cardinal from the Bill & Melinda Gates Foundation. Trading measurement spiked up to 18.1 cardinal shares, compared with the full-day mean of astir 3.7 cardinal shares. The caller assistance is to enactment the improvement and preclinical activities to beforehand Dare's investigational reversible contraceptive, DARE-LARC1, toward investigating successful humans. As portion of the assistance agreement, DAre agreed to marque DARE-LARC1 and immoderate different products disposable astatine an affordable terms to radical successful processing countries, oregon successful enactment of the U.S. acquisition strategy and nationalist libraries. The banal has mislaid 10.6% implicit the past 3 months done Tuesday, portion the iShares Nasdaq Biotechnology ETF IBB, -1.14% has gained 9.4% and the S&P 500 SPX, -0.20% has tacked connected 6.5%.

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