FHTX Stock Alert: 7 Things to Know About the Partnership Lifting Foghorn

InvestorPlace2021-12-14

Shares of Foghorn Therapeutics(NASDAQ:FHTX) are surging higher on Monday by more than 50% after the biopharmaceutical company announced an exciting partnership with Eli Lilly(NYSE:LLY). The ...

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Hayleyxn
2021-12-14
Hayleyxn
Ok
okkar
2021-12-14
okkar
👀
- 猛虎不是病猫:
  [Speechless]
- Hayleyxn:
  ok
- okkar:
  g
- okkar:
  f
- okkar:
  d
STSL
2021-12-14
STSL
Ok
HillaryV
2021-12-14
HillaryV
Alright
- okkar:
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amzl
2021-12-14
amzl
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The ...</p>\n\n<a href=\"https://investorplace.com/2021/12/fhtx-stock-alert-7-things-to-know-about-the-partnership-lifting-foghorn-today/\">网页链接</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"FHTX","symbol_name":"Foghorn Therapeutics Inc.","start_time":0,"source_url":"https://investorplace.com/2021/12/fhtx-stock-alert-7-things-to-know-about-the-partnership-lifting-foghorn-today/","article_id":"1157008817","we_media_id":null,"thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1157008817","pubTimestamp":1639448366,"sourceInfo":{"source_id":"lsy1606302653667","name":"InvestorPlace"},"weMediaInfo":null,"summary":"Shares of Foghorn Therapeutics(NASDAQ:FHTX) are surging higher on Monday by more than 50% after the ","collect":0,"end_time":0,"defaultTopTitle":"investorplace.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"FHTX":"Foghorn Therapeutics Inc.","LLY":"礼来"},"translate_title":"FHTX股票警报：关于合伙企业解除雾角的7件事","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"FHTX":0.9,"LLY":0.9},"content_text":"Shares of Foghorn Therapeutics(NASDAQ:FHTX) are surging higher on Monday by more than 50% after the biopharmaceutical company announced an exciting partnership with Eli Lilly(NYSE:LLY). The partnership will see Foghorn receive upfront consideration of $300 million in cash. Additionally, there will be an equity investment worth $80 million from Eli Lilly. The equity investment will go into shares of FHTX stock at a price of $20. Indeed, this price represents an upside of 19% from current prices.\nToday, Foghorn CEO Adrian Gottschalk commented on the deal:\n\n “We are excited to be collaborating with the Loxo Oncology at Lilly team to use our platform and utilize Foghorn’s powerful precision biology-first approach to create medicines targeting genetic dependencies within the chromatin regulatory system. This collaboration enables an acceleration and expansion of our pipeline and significantly strengthens our balance sheet as we strive to bring new medicines to patients and their families.”\n\nSo, what else is there to know about this compelling new partnership? 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