🔴 HCW Biologics is trading 5.81% down in after-hours trading — decline unexplained

HCW Biologics is trading at $3.16 (-5.81%) after the September 2, 2026 news announcement, though the after-hours decline is unexplained.

• It closed at $3.35 on September 2, 2026.
• The news announced a USPTO Notice of Allowance for HCW9302’s alopecia areata use and four additional patents, with encouraging preliminary responses and no dose-limiting toxicities.
• Broader markets were modestly higher, and the release gave no explanation for the after-hours decline.