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Why Morphic Holding Stock Is Skyrocketing Today – Motley Fool

A series of positive news is helping the biopharmaceutical company start the week on a strong note.

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What happened?
Shares of Morphic Holding(NASDAQ:MORF) are soaring through the roof on Monday, following the company’s release of its fourth-quarter and full-year 2020 earnings report. More important than its financial results, the biopharmaceutical company announced results from a clinical trial and other developments regarding collaboration agreements with big-name drugmakers. As of 12:50 p.m. EST, Morphic Holding’s stock was up by 130.8%.
So what
Morphic Holding reported interim data from a phase…

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