Ready for Takeoff? Aeterna Zentaris Inc. (NASDAQ:AEZS)

Aeterna Zentaris Inc. (NASDAQ:AEZS) is trading in a narrow range so far Monday trying to put together two winning days in a row. Is a bounce in store?

Market Action

As of 12.19, AEZS stock is trading up by 0.45% at $0.8751. More than 745K shares have been traded hands. The stock has moved within a range of $0.8500-$0.8888.

AEZS Issues News

Aeterna Zentaris Announces the Start of Preclinical Development of Macimorelin at The University of Queensland as a Potential New Treatment Option for Patients with Amyotrophic Lateral Sclerosis (ALS, Lou Gehrig’s Disease)

  • AEZS announced the commencement of the previously announced preclinical program to qualify macimorelin for clinical development as a potential treatment option for amyotrophic lateral sclerosis (ALS; Lou Gehrig’s disease).
  • The preclinical development program is part of the recently executed Material Transfer Agreement (MTA) with The University of Queensland (“The University”).
  • The University researchers, led by Frederik Steyn, MSc, PhD, will conduct preclinical studies in disease-related in-vitro and in-vivo models of ALS to demonstrate the therapeutic potential of macimorelin on disease progression and ALS-specific pathology.

Dr. Klaus Paulini, Chief Executive Officer of Aeterna Zentaris, commented, “The start of the preclinical phase represents a significant milestone in the development of a potential new treatment option for ALS to help patients with this terrible, incurable disease and to improve their quality of life. We look forward to supporting Dr. Steyn’s research team in addressing this significant unmet medical need.”

Trader Notes

Share Information

SHARE FLOAT (%)121.04 M (99.91%)

Recent Stock Performance

5-DAY PERF.-4.88%
1-MONTH PERF.-0.72%
3-MONTH PERF.-43.63%
6-MONTH PERF.+160.03%
YTD PERF.+105.33%
1-YEAR PERF.-6.05%

Moving Averages

+/- EMA(20)0.96 (-9.37%)
+/- SMA(50)1.07 (-18.69%)
+/- SMA(200)0.71 (+22.54%)

Pivot Points

NameS3S2S1Pivot PointsR1R2R3

Technical Indicators

CCI20-90.3294SellChaikin Money Flow0.0639Buy
MACD-0.0515SellMoney Flow Index38.9527Sell
STOCH (14,3)14.4507OverSoldSTOCH RSI0.4813Buy
UO42.4418SellWilliams %R-85.5493OverSold

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