Cabaletta Bio Inc. (NASDAQ:CABA) traded today at a new 52-week high of $19.60. Approximately 7.4 million shares have changed hands today, as compared to an average 30-day volume of 204,000 shares.
Cabaletta Bio Inc. share prices have moved between a 52-week high of $14.95 and the current low of $1.66 and are currently at $2.02 per share.
Cabaletta Bio Inc. (NASDAQ:CABA) is currently priced 1.7% above its average consensus analyst price target of $1.98.
Cabaletta Bio Inc is a clinical-stage biotechnology company focused on the discovery and development of engineered T cell therapies, and exploring their potential to provide a deep and durable, perhaps curative, treatment, for patients with B cell-mediated autoimmune diseases. Its proprietary technology utilizes Chimeric AutoAntibody Receptor, or CAAR, T cells that are designed to selectively bind and eliminate only specific B cells that produce disease-causing autoantibodies, or pathogenic B cells, while sparing normal B cells. Its CAAR T cell product candidate was designed based on the clinically validated and commercially approved Chimeric Antigen Receptor, or CAR, T cell technology that is marketed for the treatment of B cell cancers.
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