Why Adaptive Biotechnologies Shares Are Rising

Adaptive Biotechnologies Corp ADPT shares are trading higher by 12.58% to $7.25 after the company launched T-Detect Lyme, to help diagnose early lyme disease.

Adaptive Biotechnologies says, in a clinical validation study among patients with early Lyme disease, the T-cell test was more accurate than leading antibody tests. T-Detect Lyme has a specificity of ~99% and showed more than 1.5 times greater sensitivity than standard two-tiered testing.

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Adaptive Biotechnologies is a commercial-stage company advancing the field of immune-driven medicine by harnessing the inherent biology of the adaptive immune system to transform the diagnosis and treatment of disease.

According to data from Benzinga Pro, Adaptive Biotechnologies has a 52-week high of $43.40 and a 52-week low of $5.96.