Avalo Therapeutics (AVTX) Surges 270% in a Week: Here's Why

Avalo Therapeutics (AVTX) is a clinical-stage biotechnology company focused on developing therapies targeting immune dysregulation.In the past week, the company’s stock has skyrocketed 269.8%. This upside came after management made major strategic decisions and pivoted to its existing pipeline.Last week, Avalo announced that it completed the acquisition of privately-held AlmataBio. Post this acquisition, the company added an investigational anti-IL-1β monoclonal antibody (mAb), which it calls AVTX-009. Init ...