Previous close | 0.4000 |
Open | 0.4500 |
Bid | 0.3000 |
Ask | 0.4500 |
Strike | 2.50 |
Expiry date | 2024-11-15 |
Day's range | 0.3000 - 0.4500 |
Contract range | N/A |
Volume | |
Open interest | 718 |
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%.