Previous close | 8.50 |
Open | 8.50 |
Bid | 6.00 |
Ask | 8.70 |
Strike | 10.00 |
Expiry date | 2024-08-16 |
Day's range | 8.50 - 8.50 |
Contract range | N/A |
Volume | |
Open interest | 17 |
Aerovate's (AVTE) shares plunge 93% as its lead candidate, AV-101, fails to meet the primary and secondary endpoints in the phase IIb/III study to treat pulmonary arterial hypertension patients.
The company said its blood pressure drug failed in Phase 2 testing. The drug is its sole asset, according to Jefferies analysts.
Aerovate Therapeutics said Monday its experimental blood pressure medicine failed in Phase 2 testing, and the biotech stock plummeted 93%.