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flag Jade Biosciences surged after beating earnings estimates and receiving a strong-buy upgrade.

flag Jade Biosciences (JBIO) surged on Tuesday after an upgrade to a strong-buy rating by William Blair, with trading volume jumping 154% above average. flag The stock closed at $15.05, up from $14.43, following better-than-expected Q2 earnings of ($0.11) EPS, beating estimates by $0.34. flag The company, a clinical-stage biotech focused on inflammatory skin diseases and chronic itch, has a market cap of $737.68 million and a consensus “Buy” rating with a $25.00 average price target. flag Its lead programs use small-molecule compounds to target itch and inflammation pathways.

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