By Josh Beckerman
Sensei Biotherapeutics shares surged as it acquired Faeth Therapeutics and entered an agreement for a $200 million private placement.
The stock rose 177% to $25.32 and is up about 169% for the past 52 weeks.
Investors include B Group Capital, Balyasny Asset Management, Columbia Threadneedle Investments, Cormorant Asset Management, Fairmount, Logos Capital, RA Capital Management, Vivo Capital and others.
Faeth is developing drugs that target tumor metabolism and signaling.
On Oct. 17, cancer-focused Sensei reported results from the dose expansion portion of its Phase 1/2 trial evaluating solnerstotug. "We believe solnerstotug's emerging dose-dependent activity in refractory 'hot' tumors, combined with a favorable tolerability profile, support its advancement into Phase 2 studies," the company said at the time.
Sensei said on Oct. 30 that it would discontinue development of solnerstotug, review strategic alternatives and implement a workforce reduction.
Write to Josh Beckerman at josh.beckerman@wsj.com
(END) Dow Jones Newswires
February 18, 2026 13:51 ET (18:51 GMT)
Copyright (c) 2026 Dow Jones & Company, Inc.
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