Innate Pharma (OTCMKTS:IPHYF) Shares Up 12.4% - Here's Why

Innate Pharma SA (OTCMKTS:IPHYF - Get Free Report)'s share price shot up 12.4% on Tuesday . The company traded as high as $1.95 and last traded at $1.95. 300 shares changed hands during trading, an increase of 500% from the average session volume of 50 shares. The stock had previously closed at $1.74.

Innate Pharma Price Performance

The company's 50 day simple moving average is $1.53 and its 200-day simple moving average is $2.30.

About Innate Pharma

Innate Pharma SA, a biotechnology company, develops immunotherapies for cancer patients in France and internationally. The company's products include Lacutamab (IPH4102), an anti-KIR3DL2 antibody, which is in Phase II clinical trials for the treatment of cutaneous T-cell and peripheral T-cell lymphoma, as well as in Phase II clinical trials to treat refractory sézary syndrome; Monalizumab, an immune checkpoint inhibitor that is in Phase III clinical trial to treat advanced solid tumors comprising colorectal and lung cancer, as well as head and neck cancer; IPH5201, a blocking antibody that is in Phase II clinical trials targeting the CD39 immunosuppressive pathway; IPH5301, an anti-CD73 antibody targeting the immunosuppressive adenosine pathway to promote antitumor immunity; IPH6401, an BCMA-targeting NK cell engager; and IPH6101, a NKp46-based NK cell engager that targets CD123 proprietary multi-specific antibody format; and IPH62, an B7-H3-targeting NK cell engager.