NewAmsterdam Pharma (NASDAQ:NAMSW – Get Free Report) shot up 3.5% during trading on Wednesday . The company traded as high as $19.38 and last traded at $19.38. 241 shares changed hands during mid-day trading, a decline of 86% from the average daily volume of 1,777 shares. The stock had previously closed at $18.72.
NewAmsterdam Pharma Trading Up 3.5%
The business’s fifty day moving average is $22.22 and its two-hundred day moving average is $22.05.
Hedge Funds Weigh In On NewAmsterdam Pharma
An institutional investor recently bought a new position in NewAmsterdam Pharma stock. Aristeia Capital L.L.C. purchased a new stake in NewAmsterdam Pharma (NASDAQ:NAMSW – Free Report) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 15,708 shares of the company’s stock, valued at approximately $397,000.
NewAmsterdam Pharma Company Profile
NewAmsterdam Pharma, Inc is a clinical-stage biotechnology company focused on the development of orally delivered peptide therapeutics for the treatment of metabolic diseases. Drawing upon proprietary peptide chemistry and formulation technologies, the company aims to transform injectable treatments for conditions such as type 2 diabetes, obesity and related cardiometabolic disorders into convenient, once-daily oral medications. By harnessing advances in peptide stabilization and targeted delivery, NewAmsterdam Pharma seeks to improve patient adherence and expand access to novel therapies.
The company’s lead program is an oral glucagon‐like peptide‐1 (GLP-1) receptor agonist currently in early clinical trials.
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