Evolent Health Inc (NYSE: EVH) dipped by a huge margin in Wednesday’s trading session. The stock dropped by 27.34% to close the day at $7.76. This followed the company’s announcement that its partner Passport Health Plan had not been given a Kentucky Managed Medicaid contract. The contract...
Novan Inc. (NASDAQ: NOVN) was a big loser in Friday’s trading session. The stock gapped down and closed the day at a loss of 73.05%. This followed its announcement that, efficacy results from its Phase 3B program dubbed SIMPLE had not met their primary endpoints. The program...
Spring Bank Pharmaceuticals Inc (NASDAQ: SBPH) was one of the biggest losers in post-Christmas trading. The stock dropped by 66.76% to close the day at $1.20. This followed news that the company had stopped taking in patients for its phase 2b CATALYST trials. These trials were testing...
Durect Corporation (NASDAQ: DRRX) lost ground in yesterday’s trading session, to close the day lower by 15.94%. This downside trend has sustained since the company announced that, the FDA advisory committee had arrived at a split decision with regards to its new treatment called POSIMIR. The company...
NanoViricides, Inc (NYSE: NNVC) closed lower in Friday’s trading session. However, the number of shorts on this stock has declined. In November, short interest stood at 137,100 shares, a 6.5% when compared to October when the number of shorts stood at 146,600 shares.
Monday, November 25th was a tough day for CymaBay Therapeutics (NASDAQ: CBAY). The stock crashed by 76.04% to close the day at $1.33. The market reacted this way after the company announced that, it had closed two studies and stopped a third for Seladelpar.
Portola Pharmaceuticals Inc (NASDAQ: PTLA) took a hit in Friday’s trading session. It gapped down to close at a loss of 40.34%. This followed news that the company may have violated federal security laws. On the 9th of January 2020, the company announced...
Uber Technologies Inc is in the red pre-market. This follows news that the company has lost its license to operate in London, one of its most important markets. While denying Uber the license, the London transit authority has stated it still has concerns about that unauthorized drivers...
OncoSec Medical Incorporated (NASDAQ: ONCS) made a new low in Friday’s trading session, to close the day with losses of 16.18%. Nonetheless, the company made some positive announcement on that day. The company released interim results for KEYNOTE-890, which is a continuing phase 2 study of TAVO...
Correvio Pharma Corp (NASDAQ: CORV) was one of the biggest losers in Friday’s session. It gapped down and closed the day with a loss of 39.81%. This followed news that FDA staffers had stated the benefits of the company’s heart treatment did not outweigh the risks. The...