Crescent Biopharma at Morgan Stanley conference: pipeline bets build
Crescent Biopharma (CBIO) presented its oncology strategy at the Morgan Stanley conference, focusing on CR-001, a PD-1/VEGF bispecific. The company reported $305M in cash, a runway into 2H 2028, and expects key data in Q1 2027. Shares closed at $19.68, up 1.39%, with a market cap of $849.6M and a 66% YTD return. Management acknowledged clinical development risks and potential overvaluation.

