Core Viewpoint - Corvus Pharmaceuticals, Inc. (CRVS) is experiencing significant stock price growth due to positive clinical trial results for its lead candidate, soquelitinib, and has a new price target set by Mizuho Securities indicating further potential upside [1][6]. Company Overview - Corvus Pharmaceuticals is a clinical-stage biopharmaceutical company based in South San Francisco, focusing on innovative therapies for immune-related diseases [1]. Stock Performance - CRVS stock has surged by 209% over the past month following positive Phase I study results for soquelitinib, which showed a 72% reduction in the Eczema Area and Severity Index (EASI) [2][3]. - The current trading price of CRVS is $20.54, reflecting a 6.97% decrease today, with a market capitalization of approximately $1.53 billion [5]. Clinical Trial Results - The Phase I study for soquelitinib was a blinded, placebo-controlled trial involving patients who had previously undergone systemic therapy, confirming its potential as a "first-in-class" selective ITK inhibitor [4]. Financial Developments - Corvus Pharmaceuticals successfully closed an upsized public offering, raising approximately $201 million to support working capital, capital expenditures, and research and development, particularly for its Phase 3 T cell lymphoma program [3][6].

To ensure this doesn’t happen in the future, please enable Javascript and cookies in your browser.If you have an ad-blocker enabled you may be blocked from proceeding. Please disable your ad-blocker and refresh. ...

Key Takeaways CRVS shares jumped 208.8% in a month following positive cohort 4 results from a phase I eczema study.Corvus Pharmaceuticals reported deeper and more durable responses with eight-week dosing versus prior cohorts.CRVS said cohort 4 patients saw a 72% EASI reduction at day 56, with no disease flares or serious events.Shares of Corvus Pharmaceuticals (CRVS) have skyrocketed 208.8% in a month. The massive stock price rally was observed after the company announced positive results from cohort 4 of a ...

Corvus Pharmaceuticals (CRVS) closed the last trading session at $23.01, gaining 208.9% over the past four weeks, but there could be plenty of upside left in the stock if short-term price targets set by Wall Street analysts are any guide. The mean price target of $28.83 indicates a 25.3% upside potential.The mean estimate comprises six short-term price targets with a standard deviation of $7.6. While the lowest estimate of $20.00 indicates a 13.1% decline from the current price level, the most optimistic an ...

U.S. stock futures were lower this morning, with the Dow futures falling around 0.1% on Monday.Shares of Revolution Medicines Inc (NASDAQ:RVMD) dipped 26.1% to $87.02 in pre-market trading.The Wall Street Journal Reported that Merck (NYSE:MRK) is no longer in talks to acquire Revolution Medicines.Revolution Medicines shares dipped 26.1% to $87.02 in pre-market trading.Here are some other stocks moving lower in pre-market trading.Erasca Inc (NASDAQ:ERAS) fell 11.5% to $8.82 in pre-market trading. Erasca anno ...

We recently published 10 Stocks With Effortless Double-, Triple-Digit Gains. Corvus Pharmaceuticals Inc. (NASDAQ:CRVS) was one of the top performers last week. Corvus Pharmaceuticals soared by 211.8 percent week-on-week to hit a new all-time high, as investors cheered the strong results of its clinical trial testing the efficacy of soquelitinib in patients with moderate to severe eczema. On Friday alone, the stock jumped to its highest price of $26.95 before giving up all gains to end the session down by ...

SOUTH SAN FRANCISCO, Calif., Jan. 23, 2026 (GLOBE NEWSWIRE) -- Corvus Pharmaceuticals, Inc. (Nasdaq: CRVS), a clinical-stage biopharmaceutical company, today announced the closing of an upsized underwritten public offering of 9,085,778 shares of its common stock, which includes the full exercise of the underwriters’ option to purchase 1,185,101 additional shares, at a price to the public of $22.15 per share. Gross proceeds from the underwritten public offering before deducting underwriting discounts and com ...

Core Viewpoint - Corvus Pharmaceuticals, Inc. has announced an upsized underwritten public offering of 7,900,677 shares at a price of $22.15 per share, aiming to raise approximately $175.0 million in gross proceeds before expenses [1][2]. Group 1: Offering Details - The offering includes a 30-day option for underwriters to purchase an additional 1,185,101 shares at the public offering price [1]. - The expected closing date for the offering is around January 23, 2026, pending customary closing conditions [2]. Group 2: Use of Proceeds - The net proceeds from the offering are intended for working capital and general corporate purposes, which may encompass capital expenditures and research and development for various clinical trials, including Phase 3 T cell lymphoma and Phase 2 trials for atopic dermatitis, hidradenitis suppurativa, and asthma [2]. Group 3: Underwriters - Jefferies and Goldman Sachs & Co. LLC are serving as lead book-running managers for the offering, with Mizuho as the bookrunner and Ladenburg Thalmann & Co. Inc. as a co-manager [3]. Group 4: Company Overview - Corvus Pharmaceuticals is a clinical-stage biopharmaceutical company focused on developing ITK inhibition as a novel immunotherapy approach for various immune diseases and cancers. The lead product candidate is soquelitinib, currently in a Phase 3 trial for relapsed/refractory PTCL and a Phase 1 trial for atopic dermatitis [6].

This article is published by Terry Chrisomalis, who runs the Biotech Analysis Central pharmaceutical service on Seeking Alpha Marketplace. If you like what you read here and would like to subscribe, I'm currently offering a two-week free trial period for subscribers to take advantage of. My service offers a deep-dive analysis of many pharmaceutical companies. The Biotech Analysis Central SA marketplace is $49 per month, but those who sign up for the yearly plan will be able to take advantage of a 33.50% dis ...

Investors with a lot of money to spend have taken a bearish stance on Corvus Pharma (NASDAQ:CRVS).And retail traders should know.We noticed this today when the positions showed up on publicly available options history that we track here at Benzinga.Whether these are institutions or just wealthy individuals, we don't know. But when something this big happens with CRVS, it often means somebody knows something is about to happen.Today, Benzinga's options scanner spotted 14 options trades for Corvus Pharma.This ...