AnaptysBio Shares Jump on Buyback Program Authorization

Dow Jones

03-25

By Denny Jacob

AnaptysBio shares rose 7.2% on a share-repurchase program authorized to buy back up to $75 million of the company's common stock.

Shares were recently trading around $18.31. The stock is down 15% over the last year.

The clinical stage biotechnology company said it has cash, cash equivalents and investments greater than $420 million as of Dec. 31, 2024, and expects a receipt of a $75 million commercial sales milestones payment from GSK in 2025 or 2026.

The stock-repurchase plan will expire on Dec. 31 and may be suspended or discontinued at any time.

Write to Denny Jacob at denny.jacob@wsj.com

(END) Dow Jones Newswires

March 24, 2025 12:09 ET (16:09 GMT)

Copyright (c) 2025 Dow Jones & Company, Inc.

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The stock is down 15% over the last year. \n\n\n  The clinical stage biotechnology company said it has cash, cash equivalents and investments greater than $420 million as of Dec. 31, 2024, and expects a receipt of a $75 million commercial sales milestones payment from GSK in 2025 or 2026. \n\n\n  The stock-repurchase plan will expire on Dec. 31 and may be suspended or discontinued at any time. \n\n\n \n\n\n  Write to Denny Jacob at denny.jacob@wsj.com \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  March 24, 2025 12:09 ET (16:09 GMT)\n\n\n  Copyright (c) 2025 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"shareholding,buyback","news_rank":0,"symbols":[],"gpt_button":1}}}