Clinuvel Pharmaceuticals (OTCMKTS:CLVLY) Trading 3.6% Higher – Time to Buy?

Clinuvel Pharmaceuticals Limited (OTCMKTS:CLVLYGet Free Report) shares shot up 3.6% during trading on Tuesday . The stock traded as high as $8.75 and last traded at $8.75. 5,711 shares traded hands during mid-day trading, an increase of 85% from the average session volume of 3,082 shares. The stock had previously closed at $8.45.

Clinuvel Pharmaceuticals Stock Performance

The stock has a 50-day simple moving average of $7.62 and a 200-day simple moving average of $7.52.

Clinuvel Pharmaceuticals Company Profile

(Get Free Report)

Clinuvel Pharmaceuticals Limited is an Australian biopharmaceutical company headquartered in Melbourne, specializing in the development and commercialisation of photoprotective and phototherapeutic solutions. The company’s research centers on harnessing the skin’s natural photoprotective pathways by modulating the melanocortin system, with a view to addressing a range of skin disorders and conditions that are exacerbated by ultraviolet light exposure.

The company’s flagship product, Scenesse (afamelanotide), is the first systemic photoprotective drug approved by both the European Medicines Agency and the U.S.

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