Celldex Therapeutics, Inc., a biopharmaceutical company, engages in developing therapeutic monoclonal and bispecific antibodies for the treatment of various diseases. Its drug candidates include antibody-based therapeutics to treat patients with inflammatory diseases and various forms of cancer. The company's clinical development programs CDX-0159, a Phase I monoclonal antibody that binds the receptor tyrosine kinase KIT and inhibits its activity; CDX-1140, a human agonist monoclonal antibody targeted to CD40, a key activator of immune response, which is found on dendritic cells, macrophages, and B cells, as well as is expressed on various cancer cells; and CDX-527, a bispecific antibody, which uses the company's proprietary active anti-PD-L1 and CD27 human antibodies to couple CD27 costimulation with blockade of the PD-L1/PD-1 pathway to help prime and activate anti-tumor T cell responses through CD27 costimulation. The company has research collaboration and license agreements with University of Southampton to develop human antibodies towards CD27; Amgen Inc. with exclusive rights to CDX-301 and CD40 ligand; and Yale University. Celldex Therapeutics, Inc. was incorporated in 1983 and is headquartered in Hampton, New Jersey.
Analyst Ratings Changes
Separately, HC Wainwright boosted their target price on Celldex Therapeutics from $60.00 to $73.00 and gave the stock a "buy" rating in a report on Friday, July 1st.
Celldex Therapeutics Trading Up 2.1 %
CLDX Stock opened at $37.47 on Tuesday. The firm has a market cap of $1.75 billion, a P/E ratio of -21.91 and a beta of 2.43. Celldex Therapeutics has a 12-month low of $19.85 and a 12-month high of $57.20. The stock's 50 day simple moving average is $26.90 and its 200 day simple moving average is $29.93.