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Immune Pharma pops, up 118%

Published 08/23/2017, 03:44 PM
© Reuters.  Immune Pharma pops, up 118%
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  • Short sellers of Immune Pharmaceuticals (IMNP +117.5%) are running for cover. Shares had lost almost 65% of their value since late June before today's high-volume action.
  • The company is advancing a spinoff of Cytovia which will focus on developing cancer drug CEPLENE (histamine dihydrochloride).
  • On August 14, it announced the hiring of a new COO and Chief Medical Officer to lead the development effort for bertilimumab, a monoclonal antibody for the potential treatment of bullous pemphigoid and ulcerative colitis.
  • Previously: New operating chief at Immune Pharma; slide continues, shares down 10% (Aug. 14)
  • Previously: Immune Pharma's strategic plan and planned Cytovia spinout fail to stem the wave of selling; shares down 21% (Aug. 4)
  • Now read: Allergan (NYSE:AGN): Growth Is Dead


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