Ambrx Biopharma ADRs Rise After Cormorant Buys Shares

By Stephen Nakrosis

The American depositary receipts of Ambrx Biopharma were trading higher after-hours on Tuesday following the news that shareholder Cormorant Asset Management L.P. boosted its stake in the company.

In a filing with the U.S. Securities and Exchange Commission, Ambrx said Cormorant recently bought 307,534 shares at an average…

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