Aligos Therapeutics, Inc.（ALGS）のニュースとイベントALGSAligos Therapeutics, Inc.

Large-Cap Growth Stocks Shine, Crinetics Pharmaceuticals Up 100%

Risk-on sentiment resurfaced following the long holiday weekend as large-cap growth areas of the market handily outperformed SMIDs and value.  Comms Services, Tech, and Financials were the best performing sectors on the S&P 500, while the defensively oriented  Healthcare, Staples, and Utilities lagged.  Computer Hardware had an especially strong day - Arista Networkswas up 8.3%, Western Digitalgained 7.1% and Seagaterallied 5.9%.   A softer than expected non-farm payrolls dented expectations of tightening, but that narrative was also defied by the price action in the Treasury market as yields on the short-end of the curve remained elevated while longer-dated maturities remain elevated.   Service ISM data also came in softer somewhat, though the indicator remained in expansion - as it has for the past two years.In the evening hours, equity index futures are mixed - S&P e-minis are flat while Nasdaq 100 is off by 0.2%.  In commodities, WTI Crude Oil is marginally higher but still below $70 per barrel while precious and base metals are up by about 0.2%.Check out this evening's top movers from around Wall Street, compiled by The Fly.HIGHER -Crinetics Pharmaceuticalsup 100% after being acquired by Vertex Pharmaceuticals, which is down 2.3%Aligos Therapeuticsup 14.9% after receiving a $25M upfront payment for pevifoscorvir sodium license dealFirst Solarup 2.1% after being upgraded to buy at Deutsche BankRentokil Initial plcup 1.9% after being upgraded to Buy at Goldman SachsAbbVieup 0.3% after Q2 pre-announcementLOWER -Riviandown 8.8% after 75M share equity offering.

Aligos Therapeutics Receives $25M Upfront Payment

Aligos Therapeutics announced that it has received the upfront payment of $25M from the exclusive license deal of pevifoscorvir sodium in Greater China with Xiamen Amoytop Biotech. In addition, pevifoscorvir sodium was granted Breakthrough Therapy Designation from the Center for Drug Evaluation of China's National Medical Products Administration. Under the terms of the agreement, Aligos is also eligible to receive up to $420M in clinical, regulatory, and sales milestones along with tiered, high single-digit royalties on net sales in Amoytop's licensed territories. Aligos retains all development and commercialization rights for pevifoscorvir sodium in the United States, Europe, South Korea, Japan, and all other markets.