BUZZ-Arcturus rises on Thermo Fisher collaboration for rare disease drug

Thermo Fisher Scientific Inc.
Arcturus Therapeutics

Thermo Fisher Scientific Inc.

TMO

0.00

Arcturus Therapeutics

ARCT

0.00

** Shares of Arcturus Therapeutics ARCT.O rise 5.8% to $7.29 premarket

** Co announces collaboration with Thermo Fisher Scientific TMO.N to support potential late-stage development and potential commercialization of ARCT-032, its experimental mRNA treatment for cystic fibrosis

** Cystic fibrosis is an inherited disease that mainly affects the lungs and digestive system

** TMO will provide manufacturing, clinical research and commercial-readiness services for the program - ARCT

** If mid-stage data are positive, ARCT expects to run its late-stage program through TMO’s clinical research business

** TMO will get exclusive commercial manufacturing rights if ARCT-032 is approved - ARCT

** As of last close, ARCT up 12.4% YTD