Pharma Mar (NASDAQ:PHMMF) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a note issued to investors on Saturday.

According to Zacks, “Pharma Mar SA is a biopharmaceutical company. It engaged in the discovery and development of marine-derived anticancer drugs. The company’s product pipeline consists of PM1183, plitidepsin, and PM184 which are in clinical trial stage. It operates primarily in Germany, Italy, France, Switzerland, United Kingdom, Belgium and the United States. Pharma Mar SA is headquartered in Madrid, Spain. “

Shares of Pharma Mar (NASDAQ:PHMMF) opened at 4.2753 on Friday. Pharma Mar has a one year low of $2.40 and a one year high of $4.80. The stock’s market capitalization is $1.06 billion. The firm’s 50-day moving average price is $4.44 and its 200-day moving average price is $4.06.

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