01:59 PM EDT, 04/11/2024 (MT Newswires) -- Rent the Runway ( RENT ) shares more than doubled amid heavy trading Thursday afternoon after the company reported late Wednesday a fiscal Q4 loss of $7.02 per diluted share, compared with a loss of $8.07 a year earlier.

More than 38 million shares traded intraday compared with a daily average of about 105,000.

Rallybio ( RLYB ) unveiled late Wednesday a collaboration with Johnson & Johnson (JNJ) to develop therapies for fetal and neonatal alloimmune thrombocytopenia, with Johnson & Johnson Innovation investing $6.6 million in Rallybio ( RLYB ).

Shares soared more than 75% in recent trading Thursday as intraday trading volume catapulted to about 69 million versus the stock's daily average of about 239,000.

Eliem Therapeutics ( ELYM ) and Tenet Medicines said Thursday they have signed an agreement under which Eliem will buy the development-stage private biotech company.

To back the deal, Eliem is launching a $120 million private placement of shares with a group of new and existing investors.

Shares climbed 63% in recent trading as intraday trading volume shot to over 36.8 million from a daily average of almost 12,000.

Price: 16.71, Change: +9.31, Percent Change: +125.81