(NEW YORK)– SELLAS Life Sciences Group, Inc. (NASDAQ:SLS) may look to close gap on chart after offering with rally back to the $0.35 to $0.40 range.
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SLS is a late-stage biopharmaceutical company focused on the development of novel cancer immunotherapeutics for a broad range of indications.
On June 18, 2019, the Company announced a offering of approximately $13.5 million, which gaped the stock down from $0.40 to $0.15 per share. Since that time SLS had been trading with a trend towards $0.10, but that trend looks to have reversed and may be set to rally back to close gap on chart to $.035 to $0.40 per share.
Look for key resistance around $0.18 to indicate possible breakout trigger to the upside.
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SELLAS is a clinical-stage biopharmaceutical company focused on novel cancer immunotherapeutics for a broad range of cancer indications. SELLAS’ lead product candidate, GPS, is licensed from Memorial Sloan Kettering Cancer Center and targets the Wilms Tumor 1 (WT1) protein, which is present in an array of tumor types. SELLAS’ second product candidate, nelipepimut-S (NPS), is a HER2-directed cancer immunotherapy being investigated for the prevention of the recurrence of breast cancer after standard of care treatment in the adjuvant setting. www.sellaslife.com
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