Stock Alert: Checkpoint Therapeutics CKPT Up 45%

(RTTNews) - Shares of Checkpoint Therapeutics, Inc. (CKPT) are currently gaining nearly 45% on Friday morning despite no stock-specific news to drive the shares. Most of the US stocks are trading higher today as investors are optimistic going forward driven by the promising study results of COVID-19 vaccine.

CKPT is currently trading at $2.42, up $0.75 or 44.91%, on the Nasdaq.

Checkpoint Therapeutics is an immuno-oncology biopharmaceutical company, which focuses on the acquisition, development, and commercialization of novel treatments for patients with solid tumor cancers. The company's product candidates include CK-101 that in Phase I clinical trial for the treatment of epidermal growth factor receptor mutation-positive non-small cell lung cancer; and Cosibelimab, a programmed death ligand-1, which is in Phase I clinical trial in patients with selected recurrent or metastatic cancers.